Hut 8 subsidiary to offer $4.25B in senior secured notes due 2042 for Texas data center project

Hut 8 Corp.

Beacon Point DC LLC, Hut 8 subsidiary, intends $4,250M senior secured notes due 2042 in private offering.
Proceeds to finance 352 MW data center on 521-acre property in Nueces County, Texas, leased to AA- or higher tenant.
Notes offered under Rule 144A/Reg S; no rate disclosed yet; use includes debt service reserves and fees.
Illustrative financial information provided in Exhibit 99.1 regarding the Data Center Project.

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