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Hut 8 prices $3.25B senior secured notes to fund new data center project due 2042

Company Fundamentals
27 Apr 2026
PRNewsWire
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Bullish
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Hut 8 Corp.'s subsidiary, Hut 8 DC LLC, has priced a $3.25 billion private offering of 6.192% senior secured notes due in 2042. The proceeds will finance the construction of a 245 MW data center at Hut 8's River Bend campus, reimburse prior equity contributions, fund debt reserves, and cover offering expenses. The notes are fully amortizing, secured by the Issuer's assets, and non-recourse to Hut 8 Corp. The offering targets qualified institutional buyers and non-U.S. persons, with closing expected on April 30, 2026, subject to market conditions.

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