Hut 8 announced that its wholly owned subsidiary, Beacon Point DC LLC, has completed the pricing of $4.25 billion in senior secured notes with a coupon rate of 6.129%, maturing in 2042. The proceeds will be used to fund the construction of the Beacon Point AI data center project in Texas, USA, which is planned to have 352 MW of IT capacity. Hut 8 stated that this debt is project-level financing and is non-recourse to the parent company. https://t.co/4l0jfR0HbA
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