Hut 8 Bond Sale Raises $17 Billion For A.I. Data Centre

CryptoProwl

Fri, June 5, 2026 astatine 8:57 AM CDT 1 min read

A enslaved merchantability undertaken by Hut 8 (NASDAQ: $HUT) has attracted $17 cardinal U.S. successful capitalist orders.

The enslaved merchantability raises wealth to assistance money Hut 8’s information centre task successful Texas. 

The Canadian Bitcoin (CRYTO: $BTC) miner turned information centre relation raised 4 times the $4.25 cardinal U.S. it had targeted with the enslaved sale. 

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Management astatine Hut 8 said the proceeds volition enactment the improvement of a 352-megawatt information centre successful Nueces County, Texas. 

The installation has been leased wholly to starring chipmaker Nvidia (NASDAQ: $NVDA).

The enslaved merchantability follows Hut 8’s announcement past period that it had secured a 15-year lease statement with a starring U.S. exertion institution that carries a worth of $9.8 cardinal U.S.

Hut 8’s absorption squad has said that its argumentation is not to remark connected tenants of its information centres.  

The enslaved merchantability was executed arsenic HUT banal continues to surge, having risen 127% this twelvemonth to commercialized astatine $116.20 U.S. per share.