{"slug": "hut-8-prices-4-25b-in-notes-to-fund-massive-texas-ai-data-center-campus", "title": "Hut 8 prices $4.25B in notes to fund massive Texas AI data center campus", "summary": "Hut 8 subsidiary Beacon Point DC LLC priced $4.25 billion in senior secured notes to fund a 352 MW AI data center campus in Nueces County, Texas. The 6.129% notes mature in 2042 and are backed by a 15-year triple-net lease valued at $9.8 billion, with a potential total contract value of $25.1 billion. The financing marks one of the largest single project debt offerings in the data center sector this year, supporting Hut 8's transition from Bitcoin mining to energy infrastructure development.", "body_md": "# Hut 8 prices $4.25B in notes to fund massive Texas AI data center campus\n\nThe former Bitcoin miner's latest debt offering will bankroll a 352 MW facility in Nueces County, backed by a tenant lease worth up to $25.1B.\n\nHut 8 just locked in another multi-billion-dollar financing deal, and it has nothing to do with Bitcoin. The company’s subsidiary, Beacon Point DC LLC, priced $4.25 billion in senior secured notes to build out an AI data center campus in Nueces County, Texas.\n\nThe notes carry a 6.129% interest rate and mature on November 30, 2042. That’s a roughly 16-year runway on what amounts to one of the largest single project financings in the data center space this year.\n\n## What the money is actually building\n\nThe Beacon Point campus will span approximately 521 acres and deliver 352 MW of critical IT capacity across six data halls. The site will include a dedicated substation to handle the facility’s enormous energy demands. Initial data halls are expected to come online in Q3 2027.\n\nThis first phase is part of a larger vision. The full Beacon Point campus is designed to eventually reach 1 GW of capacity, meaning the current $4.25B finances less than half of what’s planned.\n\nThe financing is structured as non-recourse and project-level, meaning the debt stays with the subsidiary rather than climbing up to Hut 8’s corporate balance sheet. The offering targets qualified institutional buyers under Rule 144A and select non-US investors under Regulation S, with closing expected by June 9, 2026.\n\n## A $9.8B lease anchors the whole thing\n\nA 15-year triple-net lease was signed on May 6, 2026, with a base term valued at $9.8 billion. If the tenant exercises all renewal options, the total contract value could reach approximately $25.1 billion. The tenant carries a credit rating of AA- or higher.\n\nHut 8 hasn’t publicly named the tenant.\n\n## From Bitcoin miner to energy infrastructure company\n\nThe Beacon Point deal follows a $3.25 billion investment-grade note offering the company previously closed for its River Bend AI campus in Louisiana. Combined, that’s $7.5 billion in project-level debt financing across two AI data center developments.\n\n**Disclosure:** This article was edited by Editorial Team. For more information on how we create and review content, see our\n\n[Editorial Policy](https://cryptobriefing.com/editorial-policy/).", "url": "https://wpnews.pro/news/hut-8-prices-4-25b-in-notes-to-fund-massive-texas-ai-data-center-campus", "canonical_source": "https://cryptobriefing.com/hut-8-prices-4b-notes-texas-ai-data-center/", "published_at": "2026-06-06 21:24:05+00:00", "updated_at": "2026-06-06 21:49:44.883937+00:00", "lang": "en", "topics": ["ai-infrastructure", "artificial-intelligence"], "entities": ["Hut 8", "Beacon Point DC LLC", "Nueces County", "Texas"], "alternates": {"html": "https://wpnews.pro/news/hut-8-prices-4-25b-in-notes-to-fund-massive-texas-ai-data-center-campus", "markdown": "https://wpnews.pro/news/hut-8-prices-4-25b-in-notes-to-fund-massive-texas-ai-data-center-campus.md", "text": "https://wpnews.pro/news/hut-8-prices-4-25b-in-notes-to-fund-massive-texas-ai-data-center-campus.txt", "jsonld": "https://wpnews.pro/news/hut-8-prices-4-25b-in-notes-to-fund-massive-texas-ai-data-center-campus.jsonld"}}