Connect with us

Technology

Hut 8 Announces Pricing of $4.25 Billion of Investment-Grade Senior Secured Notes for Beacon Point Data Center Project

Published

1 hour ago

on

Fully amortizing project financing due 2042; non-recourse to Hut 8 Corp.

MIAMI, June 4, 2026 /PRNewswire/ — Hut 8 Corp. (Nasdaq, TSX: HUT) (“Hut 8” or the “Company”), an energy infrastructure platform integrating power, digital infrastructure, and compute at scale to fuel next-generation, energy-intensive technologies, today announced that its wholly-owned subsidiary, Beacon Point DC LLC (the “Issuer”), has priced a $4.25 billion private offering (the “Offering”) of 6.129% senior secured notes due 2042 (the “Notes”). The Notes will be offered to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to non-U.S. persons in reliance on Regulation S thereunder. The Offering is expected to close on June 9, 2026, subject to market and other conditions. There can be no assurance that the Offering will be completed on the terms described herein or at all.

The Issuer intends to use the proceeds from the Offering to (i) finance (1) the development and construction of a turnkey data center, comprising six data halls with a combined total of 352 megawatts of critical IT capacity, to be built on an approximately 521-acre property in Nueces County, Texas (the “Property”) and (2) the construction of the substation located on the Property (together, the “Project”), which data center facility will be leased to a tenant that is a high-investment-grade company (i.e., rated AA- or higher) as of the date hereof (the “Tenant”) pursuant to the Data Center Lease Agreement (as amended by the First Amendment to Data Center Lease Agreement, the “Lease”), (ii) fund debt service reserves, and (iii) pay fees and expenses in connection with the Offering.

The Notes will bear interest at a rate of 6.129% per annum payable semi-annually in cash in arrears on May 30 and November 30 of each year, beginning on November 30, 2026 and will mature on November 30, 2042. The Notes will be fully amortizing with amortization payments payable semi-annually beginning on May 30, 2030.

The Notes will constitute senior secured obligations of the Issuer and will be secured by first-priority liens on substantially all assets of the Issuer, other than certain excluded property, as well as a pledge of the equity interests in the Issuer held by Beacon Point Holding LLC, the direct parent company of the Issuer. The Notes are non-recourse to Hut 8.

The Notes have not been registered under the Securities Act or the securities laws of any other jurisdiction, and the Notes may not be offered or sold in the United States absent registration or an applicable exemption from registration under the Securities Act and any applicable state securities laws. The Notes will be offered only to persons reasonably believed to be qualified institutional buyers under Rule 144A under the Securities Act and outside the United States to non-U.S. persons in reliance on Regulation S thereunder.

This press release shall not constitute an offer to sell, or a solicitation of an offer to buy, the Notes, nor shall there be any sale of the Notes in any state or jurisdiction in which such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Hut 8

Hut 8 is an energy infrastructure platform integrating power, digital infrastructure, and compute at scale to fuel next-generation, energy-intensive technologies such as AI, high-performance computing, and ASIC compute. The Company develops, commercializes, and operates industrial-scale energy and data center infrastructure through a power-first, innovation-driven approach.

Cautionary Note Regarding Forward-Looking Information

This press release includes “forward-looking information” and “forward-looking statements” within the meaning of Canadian securities laws and United States securities laws, respectively (collectively, “forward-looking information”). All information, other than statements of historical facts, included in this press release that address activities, events, or developments that the Company and the Issuer expect or anticipate will or may occur in the future, including statements relating to the Project and the terms of the Offering and the use of proceeds therefrom, the Company’s development pipeline, and the Company’s future business strategy, competitive strengths, expansion, and growth of the business and operations more generally, and other such matters is forward-looking information. Forward-looking information is often identified by the words “may,” “would,” “could,” “should,” “will,” “intend,” “plan,” “anticipate,” “allow,” “believe,” “estimate,” “expect,” “predict,” “can,” “might,” “potential,” “is designed to,” “likely,” or similar expressions.

Statements containing forward-looking information are not historical facts, but instead represent management’s expectations, estimates, and projections regarding future events based on certain material factors and assumptions at the time the statement was made. While considered reasonable by the Company as of the date of this press release, such statements are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, level of activity, performance, or achievements to be materially different from those expressed or implied by such forward-looking information, including, but not limited to, risks relating to the construction of new data centers (including the Project), including cost overruns, delays, supply chain issues, permitting or regulatory hurdles, unexpected technical challenges, and dependency on contractors; risks relating to the financing of new data centers (including the Project), including the potential dilutive impact of equity issuances (if any), access to capital markets, timing and cost of financing, and market conditions such as increases in interest rates, declining equity valuations, volatility in credit markets, or tightening lending standards; risks impacting our ability to expand the power capacity at the Beacon Point AI data center campus, such as limitations of transmission and/or generation resources; failure of critical systems; geopolitical, social, economic, and other events and circumstances; competition from current and future competitors; risks related to power requirements; cybersecurity threats and breaches; hazards and operational risks; changes in leasing arrangements; Internet-related disruptions; dependence on key personnel; having a limited operating history; attracting and retaining customers; entering into new offerings or lines of business; price fluctuations and rapidly changing technologies; predicting facility requirements; strategic alliances or joint ventures; hedging transactions; potential liquidity constraints; legal, regulatory, governmental, and technological uncertainties; physical risks related to climate change; involvement in legal proceedings; trading volatility; and other risks described from time to time in Company’s filings with the U.S. Securities and Exchange Commission. In particular, see the Company’s recent and upcoming annual and quarterly reports and other continuous disclosure documents, which are available under the Company’s EDGAR profile at www.sec.gov and SEDAR+ profile at www.sedarplus.ca. Information in this press release is as of the dates and time periods indicated herein, and neither the Company nor the Issuer undertake to update any of the information contained in these materials, except as required by law.

View original content to download multimedia:https://www.prnewswire.com/news-releases/hut-8-announces-pricing-of-4-25-billion-of-investment-grade-senior-secured-notes-for-beacon-point-data-center-project-302792238.html

SOURCE Hut 8 Corp.

Related Topics:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Rezonate Raises US$5 Million and Unveils New Brand Identity to Accelerate U.S. Expansion

Published

18 minutes ago

on

June 5, 2026

By

Singapore-founded AI company scales enterprise AI agents across new industries and global markets

SINGAPORE, June 5, 2026 /PRNewswire/ — Rezonate, the Singapore-founded AI engagement company, today announced a US$5 million fundraise to support its expansion into the United States and accelerate the next phase of its global growth in enterprise AI.

The announcement marks a significant milestone in the company’s evolution, alongside the launch of its new brand identity, Rezonate, reflecting its broader mission to help enterprises across industries transform customer and workforce engagement through AI agents. The new name marks a deeper shift – a belief that the next leap in enterprise AI isn’t just about responding faster, but about connecting in a way that’s felt, understood, and remembered.

Founded in Singapore, Rezonate has built and deployed AI solutions across healthcare, insurance, financial services, sports and other enterprise sectors across Asia. The company specializes in AI agents for customer engagement, enabling organizations to move beyond AI experimentation into scalable deployment, helping automate engagement workflows, improve service delivery, automate seamless customer support, drive conversions with personalized outreach, cut operating costs, and scale operational efficiency across regulated and complex environments.

“The rebrand to Rezonate reflects how the company has evolved,” said Peiru Teo, CEO of Rezonate. “We were forged over a decade in healthcare – one of the most human and high‑stakes industries there is – but what we are seeing globally is that enterprises across every industry face the same engagement and operational challenges. Rezonate represents our ambition to help organizations deploy AI agents for customer engagement that are intelligent, scalable, and human-centered globally.”

The US$5 million fundraise will support Rezonate’s expansion into the United States, strengthen commercial partnerships, and accelerate the development of its AI agent platform.

Rezonate’s evolution reflects a broader shift in the market: enterprises are increasingly adopting AI systems that transform conversations and existing data into actionable outcomes, enabling revenue growth, stronger customer retention, and improved service delivery at scale.

About Rezonate

Rezonate is a Singapore-founded AI company building AI agents for customer engagement across healthcare, insurance, financial services, sports and other enterprise sectors. Its platform enables organizations to automate engagement workflows, improve service delivery, drive revenue growth through more effective customer engagement, and scale operational efficiency across regulated and complex environments. Learn more at https://getrezonate.com/.

View original content:https://www.prnewswire.com/apac/news-releases/rezonate-raises-us5-million-and-unveils-new-brand-identity-to-accelerate-us-expansion-302792304.html

SOURCE Rezonate

Continue Reading

Technology

SuperX to Introduce 1.6T Optical Modules and Showcase Full-Stack AIDC Solutions at Interop Tokyo 2026

Published

1 hour ago

on

June 5, 2026

By

TOKYO, June 4, 2026 /PRNewswire/ — SuperX AI Technology Limited (NASDAQ: SUPX, “SuperX” or the “Company”), an emerging full-stack AI Data Center (AIDC) infrastructure solutions provider, will introduce its 1.6T optical module solution at Interop Tokyo 2026, taking place from June 10 to June 12, 2026, and showcase a comprehensive portfolio of solutions spanning AI compute, modular AI factory, and digital power infrastructure, designed to support the next wave of AI data center deployment in Japan and global markets.

“Japan is a strategically important market for SuperX, and we are committed to supporting its rapidly growing demand for AI infrastructure,” said Aiko Furukawa, CEO of SuperX Industries Co. Limited, SuperX’s wholly owned subsidiary in Japan. “With our established presence in Japan, including our Global Supply Center in Tsu City, Mie Prefecture, we are well positioned to provide localized delivery, faster response, and long-term operational support. We look forward to deepening our collaboration with customers and partners in Japan and accelerating the deployment of next-generation AI data centers.”

High-performance Optical Modules for AI-Scale Connectivity

During the event, SuperX will introduce the 1.6T optical module solution, designed to support the high-bandwidth connectivity needs of large-scale AI training and inference environments. This follows the establishment of SuperX Optical Communications, the joint venture focused on end-to-end optical solutions for next-generation AI data centers. Built on a full Digital Signal Processor (DSP) architecture with silicon photonics integration, the solution delivers high-performance, reliable connectivity and flexible deployment across Ethernet and InfiniBand AI infrastructures.

AI Compute Platforms Built for Diverse AI Workloads

SuperX will showcase a portfolio of AI compute platforms designed to address different deployment scenarios, from large-scale training to flexible inference and high-performance computing.

The solutions include the high-performance SuperX XN8161-B300 AI servers powered by the NVIDIA HGX B300 platform, built for intensive training and high-performance computing workloads; the flexible, high-density compute platform powered by NVIDIA RTX PRO 6000 Blackwell GPUs, optimized for diverse AI deployments; and the rack-scale SuperX GB300 NVL72 System powered by the NVIDIA GB300 Grace Blackwell Ultra Superchip, designed to support large-scale model development. Together, these platforms provide a scalable compute foundation for customers’ evolving AI infrastructure needs.

Workload-Driven Modular AI Factory for Faster, Scalable Deployment

SuperX’s modular AI factory solution is designed around IT workload requirements, helping customers move beyond traditional site-first infrastructure planning toward a more scalable, performance-oriented AIDC deployment model. Through a pre-validated, full-stack architecture that integrates compute, power, cooling and networking, SuperX helps simplify the buildout of AI factories.

Built upon an agile baseline engineering platform, SuperX easily updates and calibrates our designs to match customers’ specific GPU servers and unique application workloads. Leveraging this technical flexibility, our pre-validated reference designs provide turnkey compatibility with the cutting-edge NVIDIA Blackwell Ultra GB300 NVL72 platform.

Combining standardized design, prefabricated modules, and engineering validation, the solution helps reduce project complexity, shorten time-to-market to 6–9 months, and support a continuous, scalable expansion from a 2.5MW initial pod to 20MW clusters and to massive 80MW computing campuses.

800V DC Power Architecture for High-Density AI Infrastructure

SuperX’s Medium Voltage Rectifier(MVR) 800V DC power architecture is designed for high-density AI data centers, enabling more efficient power distribution, lower conversion complexity and improved energy utilization. With a modular, highly integrated design, it simplifies large-scale deployment, supports stable operation, reduces power loss, and offers flexible configuration options to meet diverse site, workload, and expansion needs.

Strengthening Local Presence in Japan

In addition to its full-stack AIDC solutions, SuperX continues to strengthen its presence in Japan through localized delivery and operations. The company’s Global Supply Center in Tsu City, Mie Prefecture plays a key role in supporting both regional and global customers, enabling efficient logistics, faster deployment, and reliable service support, with an annual production capacity of up to 20,000 AI servers.

Backed by a global engineering team and a localized spare parts network, SuperX is committed to delivering responsive, end-to-end support to customers across Japan.

Visit SuperX at Booth No: 7N26 at Interop Tokyo 2026 to explore how its full-stack AIDC solutions are enabling scalable, efficient, and future-ready AI infrastructure.

About SuperX AI Technology Limited (NASDAQ: SUPX)

SuperX AI Technology Limited is an AI infrastructure solutions provider, offering a comprehensive portfolio of proprietary hardware, advanced software, and end-to-end services for AI data centers. The Company’s services include advanced solution design and planning, cost-effective infrastructure product integration, and end-to-end operations and maintenance. Its core products include high-performance AI servers, 800 Volts Direct Current (800VDC) solutions, high-density liquid cooling solutions, as well as AI cloud and AI agents. Headquartered in Singapore, the Company serves institutional clients globally, including enterprises, research institutions, and cloud and edge computing deployments. For more information, please visit www.superx.sg

Safe Harbor Statement

This press release may contain forward-looking statements. In addition, from time to time, we or our representatives may make forward-looking statements orally or in writing. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as “may,” “should,” “expects,” “anticipates,” “contemplates,” “estimates,” “believes,” “plans,” “projected,” “predicts,” “potential,” or “hopes” or the negative of these or similar terms. In evaluating these forward-looking statements, you should consider various factors, including: our ability to change the direction of the Company; our ability to keep pace with new technology and changing market needs; and the competitive environment of our business. These and other factors may cause our actual results to differ materially from any forward-looking statement.

Forward-looking statements are only predictions. The reader is cautioned not to rely on these forward-looking statements. The forward-looking events discussed in this press release, including delivery schedules, production capacity, and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties, and assumptions about us. We are not obligated to publicly update or revise any forward-looking statement, whether as a result of uncertainties and assumptions, the forward-looking events discussed in this press release and other statements made from time to time by us or our representatives might not occur.

Follow our social media:

X.com: https://x.com/SUPERX_AI_ 
LinkedIn: https://www.linkedin.com/company/superx-ai 
Facebook: https://www.facebook.com/people/Super-X-AI-Technology-Limited/61578918040072/# 

View original content to download multimedia:https://www.prnewswire.com/news-releases/superx-to-introduce-1-6t-optical-modules-and-showcase-full-stack-aidc-solutions-at-interop-tokyo-2026–302792216.html

SOURCE SuperX AI Technology Limited

Continue Reading

Technology

TenPay Global Launches “Remit to China for Non-Chinese Citizens” -A New Feature For International Users to Send Funds Directly to China

Published

2 hours ago

on

June 5, 2026

By

SINGAPORE, June 5, 2026 /PRNewswire/ — TenPay Global, Tencent Financial Technology’s cross-border payment platform, today announced the launch of its innovative “Remit to China for Non-Chinese Citizens” feature. International users holding foreign passports can now send remittances directly from their home country to China. This enhanced feature provides a seamless solution for international users to enjoy greater flexibility and convenience for their payment needs across China.

TenPay Global’s cross-border remittance platform connects the Weixin ecosystem with global remittance institutions. It has currently partnered with over 60 major international banks and remittance institutions, including DBS, Panda Remit, LemFi, Remitly, Wise, Gmoneytrans, Hanpass and GME, supporting remittances to China from over 100 countries and regions worldwide. Services are available 24/7, with funds arriving within minutes, ensuring security, compliance, and convenience.

Foreigners residing in China can receive remittances within the country using their mobile numbers linked to WeChat. Once the funds have been credited, international users can directly utilize funds to access a full suite of lifestyle services conveniently —including online shopping, mobile top-ups, and utility bill payments—meeting their diverse payment needs across various scenarios such as working, studying, traveling, and daily living in China.

TenPay Global is committed to connecting the Weixin ecosystem with global partners, continuously expanding the reach and service scenarios of cross-border payments. In addition to cross-border remittances, it further upgraded Weixin Pay’s “Pay with Your Home E-Wallet” services through China’s unified cross-border QR-code gateway, provides diverse payment options for international visitors to China to enhance the travel and spending experience for international visitors and support cross-border tourism and cultural exchange.

TenPay Global has partnered with over 40 overseas wallets globally, supporting more overseas wallets to make payments in Chinese mainland through Weixin Pay QR codes. Currently, 36 e-wallets from 13 different countries and regions have gone live, including PayPal (US), LiquidPay and ChangiPay (Singapore), ZaloPay and MOMO (Vietnam), BCEL (Laos), and HiPay (Mongolia). 

About TenPay Global

TenPay Global is Tencent’s cross-border payment platform, comprising a network of licensed financial institutions under Tencent. By connecting the Weixin ecosystem, global payment partners, and international users and scenarios, TenPay Global provides end-to-end payment solutions for cross-border remittances, consumption, and commerce. Backed by years of industry experience and a robust risk management framework, TenPay Global delivers world-class standards in system reliability, fund security, and regulatory compliance. Official Website: TenPay Global

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/tenpay-global-launches-remit-to-china-for-non-chinese-citizens–a-new-feature-for-international-users-to-send-funds-directly-to-china-302791577.html

SOURCE TenPay Global

Continue Reading

Trending