Hut 8 Prices $4.25 Billion Notes for Texas Data Center Project

June 05, 2026
Hut 8 has priced a $4.25 billion offering of senior secured notes to fund construction of a 352-megawatt data center in Nueces County, Texas. The notes, bearing interest at 6.129% and maturing in 2042, will finance the Beacon Point facility and related infrastructure.

Hut 8 has priced a $4.25 billion private offering of 6.129 percent senior secured notes due 2042 to finance its Beacon Point data center project in Nueces County, Texas, announced in a press release.

The notes will be issued by the company’s subsidiary, Beacon Point DC LLC, and offered to qualified institutional buyers under Rule 144A and to non-U.S. investors under Regulation S. The offering is expected to close on June 9, 2026, subject to market conditions.

Proceeds will fund the development and construction of a turnkey data center with six data halls totaling 352 megawatts of IT capacity, along with a substation on the 521-acre site. The facility will be leased to a tenant rated AA minus or higher. Funds will also cover debt service reserves and transaction costs.

The notes will be fully amortizing, with semiannual payments starting in May 2030 and final maturity in November 2042. They will be secured by first priority liens on most of the issuer’s assets and a pledge of equity interests in the issuer. The debt is non-recourse to Hut 8.

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