Hut 8 has priced $4.25 billion in notes to finance an AI data center project in Texas, as part of the company’s shift away from bitcoin mining

Hut 8 Announces Pricing of $4.25 Billion of Investment-Grade Senior Secured Notes for Beacon Point Data Center Project

Hut 8's subsidiary priced $4.25 billion in senior secured notes at 6.129% to build a 352 MW AI data center in Texas, backed by a $9.8B tenant lease.