Hut 8 Issues $3 Billion in Bonds to Fund AI Data Center Expansion
Hut 8 (HUT) has raised $3.25 billion through a bond sale to finance a 245-megawatt AI data center in Louisiana. The bonds, rated 'BBB' by Fitch and S&P, will be used to fund the project backed by a $7 billion lease from Fluidstack. The company is transitioning from Bitcoin mining to AI and high-performance computing operations.
Topics: AI infrastructure bond issuance capital raising corporate financing data center expansion