US Nasdaq-listed Bitcoin mining company Hut8 (ticker: HUT) is pursuing bond issuance to raise funds for the establishment of a data center linked with Google. According to Bloomberg, Hut8 is reportedly raising funds for data center establishment by issuing secured bonds maturing in 2042. It is understood that they are pursuing a bond issuance worth at least $3 billion, with investment banks such as Goldman Sachs, JP Morgan, and Morgan Stanley acting as lead managers. Google plans to support the project financially, including paying rent for the data center for which Hut8 has signed a lease agreement. Meanwhile, Hut8 is currently pushing to shift its business direction from Bitcoin mining to an energy and digital infrastructure company.
