Hut 8 Debt, Lenders and Contracts
The public financings and compute contracts naming Hut 8, with lenders, pricing and sources.
Hut 8 has raised $3.4B in 2 public debt and structured financings since 2024, from 4 named lenders. Leads include Coatue, Goldman Sachs, JPMorgan and 1 more.
It is the seller in 3 contracts in the Offtake Tracker, with High-investment-grade tenant (reported NVIDIA) and Fluidstack (for Anthropic); data center leases total $26.6B.
Profile
| Type | Miner turned AI host |
| Headquarters | Miami, FL |
| Founded | 2017 |
| AI status | Signed AI/HPC lease |
| Listing | NASDAQ: HUT, TSX: HUT (SEC EDGAR) |
| Market cap | $10B to $50B at Oct 9, 2026 (CompaniesMarketCap) |
| Website | hut8.com |
Debt at Jun 30, 2026
$7.6B of debt and $234M of cash at Jun 30, 2026, from the 10-Q filed Aug 4, 2026. Leases are not counted as debt.
| Facility | Principal | Rate | Maturity | Security | Rating |
|---|---|---|---|---|---|
| River Bend NotesSenior secured notes | $3.3B | 6.192% | Nov 15, 2042 | Secured, non-recourse | S&P BBB-, Fitch BBB- |
| Beacon Point NotesSenior secured notes | $4.3B | 6.129% | Nov 30, 2042 | Secured, non-recourse | Moody's Baa2 |
| FalconX Term LoanTerm loan | $200M | 7.00% | Apr 30, 2027 | Secured | - |
| TZRC Secured Promissory NoteOther | $35.1M | 15.25% | Apr 8, 2027 | Secured | - |
| Other financial liabilityOther | $3.3M | n/a | n/a | Unsecured | - |
Financings (2)
Other financings
| Date | Amount | Type | Lender | Detail | Source |
|---|---|---|---|---|---|
| 2026 | $200M | Bitcoin-backed loan | FalconX | $200M bitcoin-backed facility refinanced from 9% to 7%, replacing Coinbase | Miner Weekly |
Compute contracts (3)
| Date | Buyer | Seller | Type | Value | Term | Source |
|---|---|---|---|---|---|---|
| Jul 20, 2026 | High-investment-grade tenant (reported NVIDIA) | Hut 8 | Data center lease | $9.8B | 15 yrs | Blockspace |
| May 6, 2026 | High-investment-grade tenant (reported NVIDIA) | Hut 8 | Data center lease | $9.8B | 15 yrs | DCD |
| Dec 17, 2025 | Fluidstack (for Anthropic) | Hut 8 | Data center lease | $7B | 15 yrs | DCD |
Sites
| Site | Location | MW | Status |
|---|---|---|---|
| River BendLeased to Fluidstack with a Google financial backstop | LA | 245 MW | AI/HPC |
| Beacon PointBoth phases leased to one investment-grade tenant | TX | 704 MW | AI/HPC |
MW as reported: some figures are gross power, some critical IT. Sources: CoinDesk, Blockspace, LCX, The Block, Miner Weekly.
AI leases and deals
| Date | Counterparty | Deal | Value | Source |
|---|---|---|---|---|
| 2024 | Unnamed AI cloud developer | Highrise AI: 1,000 NVIDIA H100 GPUs in Chicago, 5-year | n/d | The Block |
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