Beacon Point DC LLC set a 6.129% coupon on senior secured debt to fund a six-hall, 352-megawatt project in Nueces County, Texas, with the notes non-recourse to Hut 8.
Hut 8 said its wholly owned subsidiary Beacon Point DC LLC priced $4.25 billion of senior secured notes due 2042 with a 6.129% coupon, with closing expected on June 9, 2026. Proceeds will fund a six-hall, 352-megawatt data center on about 521 acres in Nueces County, Texas, to be leased to a tenant rated at least AA-. The notes are non-recourse to Hut 8, adding detail to the company’s long-dated financing for a major AI infrastructure project as it expands beyond Bitcoin mining.