Hut 8 Corp. has announced the pricing of USD 4.25 billion in investment-grade senior secured notes to fund the development of its Beacon Point data center project, marking a significant capital markets milestone for the company.

Deal Structure and Terms

The financing is structured as fully amortizing project-level debt due in 2042, according to the company's press release published on June 5, 2026.

The notes carry an investment-grade rating, reflecting lender confidence in the creditworthiness of the project.

The debt is non-recourse to Hut 8 Corp., meaning the parent company's broader balance sheet and assets are not pledged as collateral or otherwise on the hook should the project encounter financial difficulties.

The non-recourse structure is a common feature of large-scale infrastructure and data center project financings, insulating the sponsor from liability beyond its equity stake in the project vehicle.

The fully amortizing nature of the notes means the debt will be repaid gradually over the life of the financing rather than through a single bullet payment at maturity, spreading repayment obligations across the period running to 2042.

The Beacon Point Project

The financing is directed at Hut 8's Beacon Point data center project. Beyond identifying the project as the designated use of proceeds, the company's announcement describes the transaction as project financing, indicating that the debt is secured against the assets and cash flows of the Beacon Point development itself.

The scale of the financing, at USD 4.25 billion, positions Beacon Point as a substantial data center undertaking.

Beacon Point is positioned as a flagship asset in Hut 8's growing data center infrastructure portfolio. The campus is designed with a long-term buildout target of one gigawatt of capacity, and the newly signed lease covers the first major phase of that development, 352 megawatts of IT load committed under a long-term agreement with a tenant Hut 8 describes as a high-investment-grade counterparty.

Recently, Hut 8 commercialized first phase of 1 gw beacon point AI data center campus