TechFlame News — According to PR Newswire, Beacon Point DC LLC, a wholly-owned subsidiary of Canadian Bitcoin mining company Hut 8, has completed the pricing of $4.25 billion in senior secured notes with a coupon rate of 6.129%, maturing in 2042. The transaction is expected to close on June 9, 2026. The proceeds will be used to build a data center on approximately 521 acres of land in Nueces County, Texas. The facility will feature six data halls with a total critical IT capacity of 352 megawatts and will be leased to a tenant with a credit rating of no less than AA-. The notes do not carry recourse to Hut 8's parent company.