HUT Hut 8 Corp.
Price Chart
Executive Summary
Hut 8 Corp. announced that its wholly-owned subsidiary, Beacon Point DC LLC, priced a $4.25 billion private offering of 6.129% Senior Secured Notes due 2042. Proceeds will fund the development and construction of a 352 MW turnkey AI data center in Nueces County, Texas, which will be leased to a high-investment-grade tenant (rated AA- or higher). The notes are non-recourse to Hut 8 and are expected to close on June 9, 2026.
Actionable Insight
This is a transformative project financing that de-risks Hut 8's Beacon Point AI data center build-out. The non-recourse structure protects Hut 8's balance sheet, while the AA- rated tenant provides a predictable long-term revenue stream. Monitor for construction milestones and tenant commencement; the 352 MW capacity and investment-grade tenant should support a significant valuation uplift for HUT.
Key Facts
- $4.25 billion aggregate principal amount of 6.129% Senior Secured Notes due 2042
- Notes are non-recourse to Hut 8 Corp.
- Proceeds to finance a 352 MW turnkey data center on a 521-acre site in Nueces County, Texas
- Data center will be leased to a tenant rated AA- or higher
- Offering expected to close on June 9, 2026
- Notes are fully amortizing with semi-annual amortization beginning May 30, 2030
- Interest payable semi-annually at 6.129% per annum, starting November 30, 2026
Financial Impact
$4.25 billion project financing secured at 6.129% for a 352 MW data center build-out
Risk Factors
- Construction cost overruns or delays could impact project economics
- Interest rate risk on the 6.129% fixed-rate notes over the 16-year term
- Tenant default or lease renegotiation risk despite AA- rating
- Market conditions could prevent closing on June 9, 2026
Market Snapshot
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-070744 |
| Document: tm2616926d1_ex99-1.htm | 0001104659-26-070744 |
| Document: 0001104659-26-070744-index-headers.html | 0001104659-26-070744 |
| Document: 0001104659-26-070744-index.html | 0001104659-26-070744 |
| Document: 0001104659-26-070744.txt | 0001104659-26-070744 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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Jun 11, 2026
1d ago
|
Institutional Cluster
| $114.47 awaiting T+1 | awaiting T+1 | — | $118.86 (+3.84%) |
|
Jun 5, 2026
7d ago
|
8-K
| $122.25 awaiting T+1 | awaiting T+1 | — | $118.86 (−2.77%) |
|
Jun 4, 2026
8d ago
|
8-K
| $127.76 $112.24 | ▼ −12.15% | ▼ −9.55% | $118.86 (−6.97%) |
|
May 21, 2026
22d ago
|
144
| $105.26 $105.90 | ▲ +0.61% | ▲ +0.16% | $118.86 (+12.92%) |
|
May 13, 2026
4w ago
|
144
| $108.32 $109.37 | ▲ +0.97% | ▲ +0.19% | $118.86 (+9.73%) |
|
May 11, 2026
4w ago
|
144
| $102.19 $107.31 | ▲ +5.01% | ▲ +5.15% | $118.86 (+16.31%) |
|
May 6, 2026
5w ago
|
8-K
| $108.94 $101.18 | ▼ −7.12% | ▼ −6.79% | $118.86 (+9.11%) |
|
May 4, 2026
5w ago
|
144
| $78.08 $80.51 | ▲ +3.11% | ▲ +2.32% | $118.86 (+52.23%) |
|
May 4, 2026
5w ago
|
Insider Cluster
| $78.08 $80.51 | ▲ +3.11% | ▲ +2.32% | $118.86 (+52.23%) |
|
Apr 28, 2026
6w ago
|
8-K
| $72.11 $71.00 | ▼ −1.54% | ▼ −1.53% | $118.86 (+64.83%) |
US Market Status
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