Hut 8 Corp. (HUT): debt financing — Hut 8 subsidiary issues $3.25B of 6.192% Senior Secured Notes due 2042 for data center project

Hut 8 Corp.

Issued $3.25 billion aggregate principal of 6.192% Senior Secured Notes due November 15, 2042.
Proceeds to finance 245 MW critical IT capacity data center at River Bend campus in St. Francisville, LA.
Notes amortize semi-annually from May 2028; make-whole redemption and change-of-control repurchase at 101%.
Interest payable semi-annually on May 15 and Nov 15, starting Nov 15, 2026.
Covenants restrict additional debt, dividends, asset sales, affiliate transactions and subsidiary formation.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Hut 8 Corp. incurred senior notes of $3,250 million with J.P. Morgan Securities LLC at 6.192% per annum maturing November 15, 2042.

Instrument: senior notes
Principal: $3,250 million
Counterparty: J.P. Morgan Securities LLC
Rate: 6.192% per annum
Maturity: November 15, 2042
Event: incurrence

Exact text from the filing

Act”), and outside the United States to non-U.S. persons in reliance on Regulation S under the Securities Act. The aggregate principal amount of Notes sold in the Offering was $3,250 million. The Notes were issued at a price equal to 100% of their principal amount. The Issuer intends to use the proceeds from the Offering to (i) finance a portion of the development

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.97

Hut 8 Corp. entered into Senior Secured Notes Offering and Indenture with J.P. Morgan Securities LLC valued at $3,250 million 6.192% Senior Secured Notes due 2042 (effective 2026-04-27).

Action: entry
Agreement: notes offering
Counterparty: J.P. Morgan Securities LLC
Value: $3,250 million 6.192% Senior Secured Notes due 2042
Effective: 2026-04-27

Exact text from the filing

On April 27, 2026, Hut 8 DC LLC (“Issuer”), an indirect wholly-owned subsidiary of Hut 8 Corp. (the “Company” or “Hut 8”), completed its previously announced private offering (the “Offering”) of 6.192% Senior Secured Notes due 2042 (the “Notes”).

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Hut 8 Corp. filing history →

Source: SEC EDGAR

accession 0001104659-26-053247

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