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Hut 8 announces that its wholly owned subsidiary Beacon Point DC LLC has completed the pricing of $4.25 billion in senior secured notes, with a coupon rate of 6.129%, maturing in 2042. The proceeds will be used to build the Beacon Point AI data center project in Texas, USA, which plans for 352 MW of IT capacity. Hut 8 states that this debt is project-level financing and does not constitute recourse to the parent company.