[Hut 8 Subsidiary Completes $4.25 Billion Senior Secured Notes Pricing] BlockBeats News, June 5: Canadian Bitcoin mining company Hut 8's 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 transaction is expected to close on June 9, 2026. The funds raised will be used to construct a data center on approximately 521 acres of land in Nueces County, Texas. The facility will include six data halls with a total critical IT capacity of 352 megawatts and will be leased to a tenant with a credit rating of no less than AA-. These notes are non-recourse to Hut 8's parent company. [Original Link]