Key facts
- Hut 8 priced $4.25 billion of senior secured notes.
- Funds will finance a new 352MW AI data center in Texas.
- This initiative represents a shift from bitcoin mining to digital infrastructure.
Hut 8 has successfully priced $4.25 billion in senior secured notes. The capital raised is earmarked for the development of a significant artificial intelligence (AI) data center located in Texas, which will have a capacity of 352MW. This strategic financial move underscores Hut 8's ongoing transition from its traditional focus on bitcoin mining to establishing a robust presence in the power-backed digital infrastructure sector.