Hut 8 prices $4.25B non-recourse notes to fund 352 MW Texas AI data center project
Hut8 •
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Promote with Leviathan NewsHut 8's Beacon Point DC priced $4.25 billion of 6.129% senior secured notes due Nov. 30, 2042, with closing expected June 9. Proceeds fund six data halls with 352 MW of IT capacity plus a substation on a 521-acre Nueces County, Texas site leased to an AA- or better tenant. The important part for HUT holders is structure: the debt sits at the project level and is non-recourse to Hut 8, letting the miner scale AI infrastructure without directly loading the parent company with the obligation.
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