HUT · Hut 8 Corp.

On June 4, 2026, Hut 8 Corp. announced through its wholly-owned indirect subsidiary Beacon Point DC LLC the pricing of a $4.25 billion private offering of 6.129% Senior Secured Notes due 2042. The notes are fully amortizing with semi-annual payments beginning May 30, 2030, and represent a significant capital raise for the company's data center project in Nueces County, Texas. The project involves constructing a 352 MW critical IT capacity data center, which will be leased to a high-investment-grade tenant (rated AA- or higher). The financing is non-recourse to Hut 8, isolating the parent company from repayment risk. The notes are secured by substantially all assets of the issuer, providing investor protection. The offering is expected to close on June 9, 2026, subject to market conditions. This event is material due to the size of the debt relative to Hut 8's market cap and the strategic importance of the data center project, which positions the company in the high-growth AI and compute infrastructure space.