InfraCompute / Deals
Hut 8: Beacon Point 6.129% notes due 2042
Project bond for Hut 8, US$4.25bn, 9 June 2026.
Key terms
- Borrower or issuer
- Hut 8
- Date
- 9 June 2026
- Structure
- Project bond
- Amount
- US$4.25bn
- Pricing
- 6.129%
- Tenor
- Matures Nov 30, 2042; semi-annual principal from May 30, 2030
What’s notable
A US$4.25bn non-recourse project bond at 6.129% for Beacon Point phase 1, a 352MW data centre in Texas leased on a triple-net basis to an unnamed high investment-grade tenant. It is secured on substantially all project assets and equity, with a debt service reserve, and amortises from 2030 to 2042. It shows a former bitcoin miner reaching long-dated investment-grade-style pricing on the strength of the lease.
Recorded terms
- Lender type
- Bonds and securitisationsStructure: notes or bonds
- Tenor
- Matures Nov 30, 2042; semi-annual principal from May 30, 2030
- Security
- First-priority liens on substantially all Beacon Point DC assets and a pledge of its equity; non-recourse to Hut 8
- Tenant or offtaker
- Undisclosed high-investment-grade tenant (triple-net lease)
Parties
Similar financings
Same structure, other borrowers, closest in date.
More from Hut 8
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