According to Huoxing Finance, on June 5, Beacon Point DC LLC, a wholly owned subsidiary of Canadian Bitcoin miner Hut 8, finalized the pricing of $4.25 billion in senior secured notes with a coupon rate of 6.129%, maturing in 2042, with settlement expected on June 9, 2026. The proceeds will be used to construct a data center on approximately 521 acres of land in Nueces County, Texas, featuring six data halls with a total critical IT capacity of 352 megawatts. The facility will be leased to a tenant with a credit rating of at least AA-. The notes are non-recourse to Hut 8’s parent company.
Hut 8 Subsidiary Prices $425M Senior Secured Notes for Texas Data Center
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Summary
On June 5, 2026, Hut 8’s subsidiary priced $425 million in senior secured notes at 6.129%, with maturities extending through 2042. The funds will finance the construction of a 352-megawatt data center on 521 acres in Texas. The facility will include six data halls and will be leased to a tenant with a minimum AA- credit rating. On-chain data indicates growing demand for infrastructure. Inflation data remains a key factor in capital allocation decisions.
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