Hut 8 raises $3.25 billion to fund data center construction associated with Google

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Golden Finance reports that Hut 8 completed a $3.25 billion investment-grade bond issuance on Monday, with the funds to be used to build a data center in partnership with Google, a subsidiary of Alphabet.
This is also the latest example of leading companies densely issuing bonds for financing amid the current AI boom.
According to informed sources, these bonds mature in 2042, with a coupon yield premium of 1.85 percentage points over U.S. Treasury yields, narrowing nearly 0.3 percentage points from the initial inquiry pricing.
Bloomberg reported last week that the project plans to raise at least $3 billion to build a 245-megawatt data center in Saint Francisville, Louisiana.

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