InfraCompute / Deals
Hut 8: River Bend financing (Fluidstack / Google)
Project loan for Hut 8, 17 December 2025.
Key terms
- Borrower or issuer
- Hut 8
- Date
- 17 December 2025
- Structure
- Project loan
- Amount
- Not disclosed
- Pricing
- Not disclosed
- Tenor
- 15-yr base + 3x5-yr renewals; 3.0% escalator
What’s notable
A financing for Hut 8's River Bend campus led by JPMorgan and Goldman Sachs, backed by a 245MW triple-net lease to Fluidstack with Google backstopping the base-term lease payments. The lease runs for 15 years plus three five-year renewals with a 3% escalator. The Google backstop is what makes a neocloud lease financeable at this scale.
Recorded terms
- Lender type
- Bank loansNamed lender: JPMorgan (lead left)
- Tenor
- 15-yr base + 3x5-yr renewals; 3.0% escalator
- Lenders and arrangers
- JPMorgan (lead left), Goldman Sachs
- Tenant or offtaker
- Fluidstack (245MW triple-net), Google backstop of base-term lease payments
Parties
Similar financings
Same structure, other borrowers, closest in date.
More from Hut 8
Filed documents and legal terms
The documents behind this financing that are filed on SEC EDGAR, with the governing law each states. Read any document in full before relying on it; filers may redact commercial terms.
- Filed documents
- 2
- Governing law
- Not stated in the filed text
- Quoted in the clause and contract libraries
- 0
| Filed document | Dated | Governing law | In InfraCompute |
|---|---|---|---|
| Q1 2026 results release (Ex 99.1) describing closed notes | 6 May 2026 | – | – |
| Press release (lease) Ex 99.1 | 17 December 2025 | – | – |
In-house counsel working on similar terms? Ask Randeep for a market check or see what is market.
For counsel on this deal
Acting for a lender, borrower or sponsor on a financing like this? Start from the filed precedents. Previews are open; the full text is free with InfraCompute Weekly.
Sources
- Hut 8 River Bend (Fluidstack / Google) financingSource date: 17 December 2025
About this record
Compiled from the sources above. Terms are as announced and may have changed since. Methodology · Send a correction.
