Post by Hut 8

Hut 8 has closed a $4.25 billion offering of investment-grade senior secured notes for Beacon Point, our second investment-grade data center construction financing following River Bend.    Highlights of the offering include:     • A fully amortizing structure that is non-recourse to Hut 8 and non-dilutive to existing shareholders;  • A Baa2 rating from Moody’s Ratings, one notch above the ratings assigned to the River Bend notes by S&P Global Ratings and Fitch Ratings, and an issuance spread 20 basis points tighter than that of the River Bend notes;  • And a substantially oversubscribed book that broadens Hut 8’s institutional credit investor base.    Together, the financings bring Hut 8’s cumulative investment-grade project-level data center construction financing to $7.5 billion, reinforcing the repeatability of our financing model and our ability to scale data center development while preserving balance-sheet flexibility.    Read the full release: https://lnkd.in/em-AN55p

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