Hut 8 announced that its wholly-owned subsidiary, Beacon Point DC LLC, has completed the pricing of $4.25 billion in senior secured notes with a coupon rate of 6.129%, maturing in 2042. The funds raised will be used to build the Beacon Point AI data center project in Texas, USA, which is planned to have an IT capacity of 352 MW. Hut 8 stated that this debt is project-level financing and is non-recourse to the parent company. https://(wublock123.com)/news/hut-8-42-5b-financing-ai-data-center-6-129-percent-62270