Senior Secured Notes Offering Proceeds Allocation
Company: Hut 8 - Project: River Bend
The claim, verbatim
Proceeds from the offering will be used to finance development and construction of the Data Center Project, reimburse prior equity contributions, fund debt service reserves, and pay offering-related fees and expenses
Source (primary)
Hut 8 8-K filed 2026-05-01 (SEC EDGAR, sec_filing)
View cached copy (2026-08-30)Live source ↗
Quote: “The Issuer intends to use the proceeds from the Offering to (i) finance a portion of the development and construction of a turnkey data center with 245 megawatts of critical IT capacity and the related substation at the Company's River Bend campus located in St. Francisville, Louisiana (collectively, the "Data Center Project"), (ii) reimburse the Company for a portion of its prior equity contributions to the Issuer that were used to fund capital expenditures relating to the Data Center Project, (iii) fund debt service reserves and (iv) pay fees and expenses in connection with the Offering.”
How we checked this
Additional evidence
confirms Hut 8 8-K filed 2026-05-01
Quote: “The Issuer intends to use the proceeds from the Offering to (i) finance a portion of the development and construction of a turnkey data center with 245 megawatts of critical IT capacity and the related substation at the Company's River Bend campus located in St. Francisville, Louisiana (collectively, the "Data Center Project"), (ii) reimburse the Company for a portion of its prior equity contributions to the Issuer that were used to fund capital expenditures relating to the Data Center Project, (iii) fund debt service reserves and (iv) pay fees and expenses in connection with the Offering.”