Hut 8 Bond Sale Raises $17 Billion For A.I. Data Centre

2026-06-05 12:30:42

(MENAFN- Yolo Wire) A bond sale undertaken by Hut 8 (NASDAQ: $HUT) has attracted $17 billion U.S. in investor orders.

The bond sale raises money to help fund Hut 8's data centre project in Texas.

The Canadian Bitcoin (CRYTO: $BTC) miner turned data centre operator raised four times the $4.25 billion U.S. it had targeted with the bond sale.

Management at Hut 8 said the proceeds will support the development of a 352-megawatt data centre in Nueces County, Texas.

The facility has been leased entirely to leading chipmaker Nvidia (NASDAQ: $NVDA).

The bond sale follows Hut 8's announcement last month that it had secured a 15-year lease agreement with a leading U.S. technology company that carries a value of $9.8 billion U.S.

Hut 8's management team has said that its policy is not to comment on tenants of its data centres.

The bond sale was executed as HUT stock continues to surge, having risen 127% this year to trade at $116.20 U.S. per share.

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