Hut 8 to Issue $3 Billion in Bonds for AI Data Center in Louisiana

2026-04-27 22:15

Cryptocurrency miner Hut 8 plans to issue $3 billion in senior secured bonds to fund a 245-megawatt data center in Louisiana, maturing in 2042. The bond offering is underwritten by Goldman Sachs, JPMorgan Chase, and Morgan Stanley, aiming to support the growing computing demands in the AI sector. The project covers 600,000 square feet and involves a 15-year, $7 billion lease with cloud provider Fluidstack, backed by financial guarantees from Google. Hut 8 is expanding beyond Bitcoin mining into energy and digital infrastructure, reflecting its strategic shift. The company also holds an equity stake in American Bitcoin, linked to the Trump family, as part of its broader diversification efforts.

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