Hut 8

Hut 8 has priced a $3.25 billion investment-grade bond to finance the construction of its River Bend data center, featuring a 6.192% coupon and a 15-year lease with Fluidstack, backed by a financial commitment from Google.

This week in data centers highlights how credit markets are now differentiating AI infrastructure risk, distinguishing between operator-backed projects, hyperscaler leases, and tenant concentration risks.

Hut 8 is raising $3.25 billion through bond sales to fund the construction of the River Bend AI data center campus, a project backed by Google and Anthropic, which will also serve as the initial phase of a larger 2.295-gigawatt partnership with Fluidstack and Anthropic.