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Hut 8 Announces Pricing of $3.25 Billion of Investment-Grade Senior Secured Notes for River Bend Data Center Project
The fully amortizing notes carry 6.192% interest and will fund a 245-megawatt data center and related substation at River Bend.
- On Monday, Hut 8 Corp.'s subsidiary Hut 8 DC LLC priced a $3.25 billion private offering of 6.192% senior secured notes due 2042, structured as fully amortizing project financing non-recourse to Hut 8 Corp.
- Proceeds will finance development and construction of a 245-megawatt turnkey data center at Hut 8's River Bend campus, supporting the company's energy infrastructure platform for AI and high-performance computing workloads.
- Interest payments of 6.192% will be due semi-annually beginning November 15, 2026, with Notes secured by first-priority liens on substantially all Issuer assets and amortization commencing May 15, 2028.
- Restricted to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S, the Offering is expected to close April 30 subject to market and other conditions.
- Beyond financing River Bend construction, proceeds will reimburse Hut 8 for prior equity contributions, fund debt service reserves, and cover transaction fees, though no assurance exists the Offering will complete on these terms.
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Total News Sources22
Leaning Left4Leaning Right2Center6Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 33%
C 50%
R 17%
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