Hut 8 plans bond sale for Google-linked AI data center

Nasdaq-listed Bitcoin miner Hut 8 (HUT) is pursuing a bond issuance to finance a new data center linked to Google that will support artificial intelligence, Bloomberg reported. The company is reportedly raising funds by issuing secured bonds maturing in 2042, with a target of at least $3 billion. The offering is being managed by investment banks including Goldman Sachs, JPMorgan, and Morgan Stanley. Google will reportedly support the project financially, including making rent payments for the data center under a lease agreement. The move comes as Hut 8 shifts its business focus from Bitcoin mining to energy and digital infrastructure.