Hut 8 Raises $3B Bonds for Centre

Hut 8 Corp. is issuing at least $3 billion of secured, investment‑grade bonds due 2042 to fund a 245 MW data centre in Louisiana.
The bonds are priced at a yield roughly 2.13 percentage points above the benchmark, with Goldman Sachs, JPMorgan and Morgan Stanley as arrangers.
The 600,000‑sq‑ft project will earn revenue from a 15‑year lease with Fluidstack Ltd., valued at about $7 billion, backed by Google’s financial guarantee.
An Entergy Corp. subsidiary will supply electricity under a services agreement for the data centre.