Other DebtActive
6.129% Senior Secured Notes due 2042
HUT-Nov42B
$116.31▲ 10.06%
BTC Holdings
16,332 BTC
Total Debt
$7.90B
Leverage
746.4%
mNAV
12.62x
Outstanding
$4.25B
2026-06-09
Issue date
2026-06-09
Principal
$4.25B
Coupon
6.13%
Maturity
2042-11-30
Conversion price
—
Terms & Documentation
Terms
- BTC strategy
- No
- Ranking
- Senior secured (first-priority liens on substantially all assets of Beacon Point DC LLC plus pledge of equity in the Issuer held by Beacon Point Holding LLC; non-recourse to Hut 8 Corp.)
- Settlement
- Cash
- Facility type
- Other
- Payment frequency
- Semi-annual
- Payment dates
- May 30, Nov 30
- Rate type
- Fixed
- Collateral
- First-priority liens on substantially all assets of Beacon Point DC LLC, other than certain excluded property, plus a pledge of the equity interests in the Issuer held by Beacon Point Holding LLC
- Covenants
- Limits additional indebtedness, restricted payments, investments, liens, asset sales, sale-leaseback transactions, operations unrelated to the Data Center Project, affiliate transactions, mergers and asset transfers, lease or organizational-document modifications, and subsidiaries or partnerships; change of control triggers a 101% repurchase offer; certain asset sales and a Data Center Lease Termination Default trigger a 100% repurchase offer.
- Prepayment
- Redeemable at a make-whole price until May 30, 2042 (Par Call Date) and at 100% of principal thereafter; redeemable at 100% upon a Data Center Lease Termination Event or to restore a 1.1:1.0 Debt Service Coverage Ratio. Principal amortizes semi-annually (May 30 / Nov 30) beginning May 30, 2030.
Outstanding History
Outstanding history(1)
| As of | Event | Outstanding |
|---|---|---|
| 2026-06-09 | Issuance | $4.25B |
- 2026-06-09 — $4,250,000,000Item 1.01