Hut 8 Announces $4.25 Billion Senior Secured Notes for Beacon Point Data Center Project
Hut 8 Corp., through its subsidiary, has priced a private offering of $4.25 billion in senior secured notes to fund the development of a large-scale data center project in Texas. The financing is non-recourse and will be used for construction, substation building, debt service reserves, and transaction fees.
Tickers: $HUT
Topics: corporate finance data center development senior secured notes