Beacon Point Phase 1 construction financing
Company: Hut 8 - Project: Beacon Point
The claim, verbatim
Hut 8 secured $4.25 billion in senior secured notes at 6.129% interest to be repaid by 2042 for Beacon Point Phase 1 construction
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.”
How we checked this
Checked on September 18, 2026. The cited source supports every part of this claim.
The article states that $4.25 billion in senior secured notes at 6.129%, due 2042, funds Beacon Point's first construction phase. It describes this as Hut 8's financing for Phase 1.
Confirmed in the source:
- Hut 8 raised $4.25 billion in senior secured notes
- The notes carry a 6.129% interest rate
- The debt is to be paid off in 2042
- The financing is for the first phase of construction at Beacon Point
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.”