River Bend notes 95% loan-to-cost
Company: Hut 8 - Project: River Bend
The claim, verbatim
The River Bend bond achieved a 95% loan-to-cost ratio, the highest ever for an HPC data center bond.
Source (primary)
Hut 8 Closes Two-Tier AI Data Center Finance Stack; JPMorgan Leads 12-Bank Revolver - Tech Times (-, news_article)
View cached copy (2026-10-05)Live source ↗Archive.org ↗
Quote: “achieved the 95% loan-to-cost ratio record”
How we checked this
Checked on October 7, 2026. The cited source supports every part of this claim.
The article, citing Milbank, says the River Bend deal set a 95% loan-to-cost record, the highest ever for an HPC data center bond.
Confirmed in the source:
- The River Bend bond achieved a 95% loan-to-cost ratio
- That was the highest loan-to-cost ratio ever achieved for a high-performance computing data center bond
What we did: Read our cached copy of the publisher (https://www.techtimes.com/articles/328138/20260928/hut-8-closes-two-tier-ai-data-center-finance-stack-jpmorgan-leads-12-bank-revolver.htm) in full (17,743 characters, retrieved October 5, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Hut 8 Closes Two-Tier AI Data Center Finance Stack; JPMorgan Leads 12-Bank Revolver - Tech Times
Quote: “achieved the 95% loan-to-cost ratio record”