$4.25 billion senior secured notes for Phase 1 construction
Company: Hut 8 - Project: Beacon Point
The claim, verbatim
Hut 8 has secured $4.25 billion in senior secured notes for Phase 1 construction at Beacon Point, with a 6.129% interest rate, due in 2042, and non-recourse to its parent company
Source (primary)
$35bn Anthropic Deal Ties Nvidia to Hut 8’s 1GW Beacon Point Data Center in Texas - Construction Review (-, news_article)
View cached copy (2026-09-04)Live source ↗
Quote: “Hut 8 has invested $4.25 billion in senior secured notes for the first phase of construction at Beacon Point. The debt has an interest rate of 6.129% and will be paid off in 2042. Further, financing is secured by project assets and is non-recourse to Hut 8's parent company”
How we checked this
Checked on September 18, 2026. The cited source supports every part of this claim.
The article states each of these terms for the $4.25 billion Phase 1 financing.
Confirmed in the source:
- Hut 8 has $4.25 billion in senior secured notes for Phase 1 construction at Beacon Point
- The notes carry a 6.129% interest rate
- The debt is due in 2042
- The financing is non-recourse to Hut 8's parent company
What we did: Read our cached copy of the publisher (https://constructionreviewonline.com/35bn-anthropic-deal-ties-nvidia-to-hut-8s-1gw-beacon-point-data-center-in-texas/) in full (10,668 characters, retrieved September 4, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms $35bn Anthropic Deal Ties Nvidia to Hut 8’s 1GW Beacon Point Data Center in Texas - Construction Review
Quote: “Hut 8 has invested $4.25 billion in senior secured notes for the first phase of construction at Beacon Point. The debt has an interest rate of 6.129% and will be paid off in 2042. Further, financing is secured by project assets and is non-recourse to Hut 8's parent company”