Hut 8 Subsidiary Prices $425M Senior Secured Notes for Data Center Construction

Chainthink

Release Time: 06/05/2026 15:42:44

Summary

Hut 8’s subsidiary, Beacon Point DC LLC, priced $425 million in senior secured notes with a 6.129% coupon, maturing in 2042. The proceeds will fund the construction of a 352-megawatt data center on 521 acres in Nueces County, Texas. The facility will include six data halls and be leased to a tenant with an AA- credit rating or higher. On-chain data continues to indicate strong demand for infrastructure expansion. Inflation data remains a key factor influencing capital allocation in the sector.

ChainThink reports that, according to an official announcement, Beacon Point DC LLC, a wholly owned subsidiary of Canadian Bitcoin mining company Hut 8, has priced $4.25 billion in senior secured notes with a coupon rate of 6.129%, maturing in 2042, with settlement expected on June 9.

The proceeds from this fundraising will be used to construct a data center on approximately 521 acres of land in Nueces County, Texas. The facility will include six data halls with a total critical IT capacity of 352 MW and will be leased to a tenant with a credit rating of no less than AA-.

This note does not provide recourse to Hut 8's parent company.

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