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Hut 8 Plans $3B High-Grade Bond Sale to Fund Google-Linked Data Center in Louisiana

GateNews
Stocks
BTC-3.05%

Gate News message, April 24 — Hut 8 Corp., a major Bitcoin mining operator, is considering tapping the investment-grade debt market (bonds rated as low-risk by credit agencies) to finance construction of a data center linked to Alphabet Inc.'s Google. The company’s subsidiary plans to sell at least $3 billion of high-grade bonds to fund a 245-megawatt facility in St. Francisville, Louisiana.

Goldman Sachs, JPMorgan Chase, and Morgan Stanley have been hired to arrange investor calls and could bring the deal to market within the next few days. The bond sale is part of a broader wave of borrowing driven by the artificial intelligence boom, as tech companies and infrastructure operators seek capital for AI-related projects.

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