Technology

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

Published

2 hours ago

June 5, 2026

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.

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SOURCE Hut 8 Corp.

Technology

Panthera Growth Partners Invests USD 30 Million in Innefu Labs Series B Round

Published

20 minutes ago

June 5, 2026

Backs India’s sovereign AI security platform ahead of IPO

Innefu Labs achieves Series B Capital to Scale Sovereign National Security AIInnefu labs on pathway for IPOThe transaction occurs amid accelerating domestic procurement cycles driven by the Government of India’s Atmanirbhar Bharat mandates

SINGAPORE, June 5, 2026 /PRNewswire/ — Panthera Growth Partners (PGP), a Singapore-based growth equity firm, today announced a USD 30 million investment in Innefu Labs, India’s leading artificial intelligence company in the space of National Security and creating indigenous platforms & multi-modal fusion systems currently deployed across defense, intelligence, law enforcement, revenue intelligence, and large enterprise clients. The capital injection, completed through a combination of primary and secondary transactions from Panthera’s second fund, positions Innefu for an IPO and accelerates its push into international markets after Innefu’s initial successful forays in Middle East.

The investment comes as India’s sovereign defense initiatives drive sharply increased domestic procurement of critical security technologies. This is evident from Innefu’s momentum in a growing pool of USD 10 million + contracts spanning defense, intelligence, law enforcement, and revenue intelligence operations.

The proceeds will fund Innefu’s next phase of global market expansion, alongside deep-tech research and development anchored in its AI-first, sovereign capabilities. This includes advancing its proprietary Agentic AI platform, establishing a dedicated Physical AI (robotics) wing, and developing sovereign AI infrastructure with secure, domain-specialized language models built for high-trust environments.

Tarun Wig, Co-Founder and CEO of Innefu Labs, stated: “When we started Innefu, our vision was clear: India should never have to depend on external technologies to secure its people, its institutions, or its digital future. Over the last fifteen years, we have transformed that vision into reality, building indigenous AI-powered platforms that protect critical national assets, empower decision-makers, and strengthen the country’s security ecosystem.

We now intend to scale our innovations faster, deepen our investments in advanced AI and further enhance our autonomous decision-support systems. We believe the next wave of technological leadership will belong to nations that own their intelligence capabilities, and Innefu is committed to ensuring that India stands at the forefront of that transformation.

What excites us most is that we are still at the beginning of our story. The foundations have been laid, the talent is in place, and the mission has never been clearer. With this new chapter, we are not just building a company, we are helping build the technological backbone of a secure, self-reliant, and AI-powered India for generations to come.”

Shilpa Kulkarni, Founder and Managing Partner of Panthera Growth Partners, stated: “Innefu has built native, AI-powered software that solve critical challenges in national defense and enterprise security infrastructure. Our investment decision is based on their proprietary technology, deep domain expertise, and a proven track record in high-stakes, mission-critical environments. We are partnering with Innefu to support their growth ambitions as they prepare for public markets.”

Operational Footprint and Market Context

The domestic security technology market involves complex technical requirements historically met by international defense vendors.

Innefu’s deployments include several national scale AI intelligence fusion centres including:

India’s first National Terrorism Data Fusion Centre,Southeast Asia’s largest operational Intelligence Fusion Centre,Revenue Intelligence Fusion Platforms,Predictive Policing Platforms,Indigenous open-source intelligence (OSINT) and Deep Web Fusion Platform for Law Enforcement & Defense Agencies.

Abhishek Sharma, Co-Founder and CTO of Innefu Labs, added: “For over a decade, we’ve solved mission-critical challenges for defense, intelligence, and investigative agencies. As governments worldwide move toward AI-driven decision-making, our mission is to build trusted, AI-first indigenous platforms that strengthen national security and keep critical data & platforms sovereign. This funding accelerates our next chapter: advancing our Agentic AI capabilities, venturing into Physical AI and robotics, and expanding globally, building the full sovereign AI stack that high-trust environments demand”

Panthera’s second fund, backed by institutional investors from India, the European Union, and the United States, focuses on growth-stage companies with established product-market fit, deploying an average capital allocation of USD 20 million per company across India and Southeast Asia. The firm’s historical portfolio across its fund vehicles includes allocations in FoxTale, OfBusiness, Zivame, Travelstack Tech, EMotorad, Flipspaces etc.

About Panthera Growth Partners

Panthera Growth Partners is a growth equity investment firm investing in next generation technology leveraged businesses. We are differentiated by our deep network of operational resources and industry relationships, systematic value creation process, and strong execution capability.

For more information, visit www.pantheragp.com.

About Innefu Labs

Founded in 2010, Innefu is an AI driven company in the field of National and Cyber Security. The company was started with a clear focus to carry out high Tech R&D which fuels innovation and leads to products which can capture the global market and be the cornerstone of the economy of the country. Innefu is a fully indigenous Artificial Intelligence company committed to strengthening National and Cyber Security. With more than 100+ installations across Indian Subcontinent, Middle East and South East Asia, the company is today a de-facto leader in developing and deploying AI for National and Cyber Security.

The company with its own range of products serves a diverse client base including Defense and Intelligence organizations, Law Enforcement Agencies, Financial Intelligence Units, BFSI as well as top Fortune 500 companies. Having worked with some of the most sensitive organizations the company has a deep understanding of handling sensitive and critical installations.

For more information, visit www.innefu.com.

View original content:https://www.prnewswire.com/apac/news-releases/panthera-growth-partners-invests-usd-30-million-in-innefu-labs-series-b-round-302792309.html

SOURCE Panthera Growth Partners

Technology

AVEVA Expands CONNECT in India with New AI Capabilities to Accelerate Industrial Intelligence

Published

20 minutes ago

June 5, 2026

New AI capabilities empower local enterprises to safely scale operations, manage complexity, and drive sustainable growth.

MUMBAI, India, June 4, 2026 /PRNewswire/ — AVEVA, a global leader in industrial software, today announced a broad set of upcoming innovations for its industrial intelligence platform, CONNECT. Addressing the mounting challenge of data silos in the modern enterprise, the company is announcing a revolutionary industrial knowledge graph and a twin builder that applies agentic AI, slated for release in Q1 2027. By establishing a robust semantic model, this framework will act as the underlying architectural schematic that AI requires to deliver truly useful, accurate, and trusted outputs. Rather than feeding AI raw, disjointed information, this framework provides critical operational context by mapping the complex relationships between physical assets, empowering industrial teams to troubleshoot faster and make high-impact decisions with confidence.

The updates will make it faster and simpler for industrial organisations to put the full breadth of their industrial data to work, driving better decisions, stronger compliance, and AI-enhanced intelligent operations.

For industrial organisations, the pressure to adopt AI is intensifying, and so are the underlying challenges: complex regulatory environments, a growing sustainability imperative, ageing infrastructure and fragmented data. Today, up to 73% of all data collected within enterprises goes unused. Furthermore, 76% of business leaders report finding it difficult to understand their data. CONNECT bridges this gap by leveraging the cloud to empower ecosystems securely and seamlessly across the value chain, driving exponential business growth.

“For industrial enterprises globally, the challenge is not ambition but infrastructure,” shared Zubin Davar, VP – CONNECT Platform GTM. “The promise of AI remains largely unrealised for most industrial teams because operations data, engineering data, asset context, workflows, and compliance frameworks all need to be managed in one place without losing fidelity, lineage, or meaning. CONNECT is designed to close this gap across every layer of deeply heterogeneous industrial technology stacks. By lowering the cost and complexity of unifying industrial data, we help customers turn fragmented data into trusted intelligence, accelerating their AI-driven transformation.”

Accelerating industrial intelligence with customers and academia in India

Highlighting the strategic importance of the platform and its rapid adoption in the region, AVEVA announced the signing of Memorandums of Understanding (MoUs) with leading industry customers, including Deccan Fine Chemicals (I) Pvt. Limited, and Reliance Power Limited, at the India CONNECT launch event held in Mumbai. These strategic agreements are aimed at accelerating the implementation of CONNECT by leveraging cloud capabilities to enable a secure, seamless, and collaborative digital ecosystem across the value chain, driving sustainable and exponential business growth.

In addition, AVEVA signed an MoU with VJTI’s Technology Business Incubator (TBI), VJTI is an autonomous institution of repute, owned by the Maharashtra State Government, reinforcing its commitment to academia-led skill development and innovation and supporting the creation of a future-ready talent pool to meet evolving industry needs.

“The announcements at AVEVA World, coupled with these MoUs signed at the India CONNECT launch, reflect our commitment to matching the depth and pace of progress Indian enterprises are making,” said Tarun Singh, Country Head, AVEVA India. “India’s industrial sector is scaling rapidly, and by embedding AI and intelligence deeply into industrial workflows through CONNECT, we are helping local organizations move faster, manage complexity, and operate with confidence.”

CONNECT: expanding the data and AI ecosystem

To build on this momentum, AVEVA’s industrial intelligence platform CONNECT is significantly expanding its integrations with leading enterprise data platforms, introducing key capabilities critical to driving industrial pipeline generation and enterprise-wide transformation. Central to this expansion is a new strategic integration and partnership with Snowflake. Utilizing a zero-copy architecture, industrial enterprises can now query high-fidelity OT data directly within Snowflake without the need to duplicate or move data, ensuring a single source of truth while dramatically lowering latency and integration costs.

AVEVA is also streamlining data management with the launch of CONNECT Flows (formerly Crosser). This introduces new stream analytics and integration capabilities that enable the seamless assembly and deployment of data processing pipelines for real-time edge-to-cloud cleansing, filtering, and transformation. Simultaneously, the platform’s cloud and AI ecosystem is scaling rapidly. AVEVA is launching multicloud CONNECT in partnership with Amazon Web Services (AWS) to offer customers unprecedented hosting flexibility. Furthermore, the company is forging a new strategic and technology partnership with IFS and launching Digital Twins for AI Factories in collaboration with NVIDIA and Schneider Electric.

Looking ahead, a major CONNECT release is planned for Q1 2027, bringing a range of new capabilities, including an industrial knowledge graph that makes it faster to construct, enrich, and operationalise digital twins. Slated for an Early Access Program opening this year, this knowledge graph is populated using a twin builder that applies agentic AI to propose intelligent mappings, aligning existing, fragmented data sources to a standard data model. This radically accelerates time-to-value while preserving information lineage and ensuring rigorous data governance so every decision can be trusted.

By bringing these advanced data management and AI capabilities to the Indian market, AVEVA is empowering local enterprises to overcome data fragmentation and safely scale their digital transformation initiatives. As India continues its rapid industrial expansion, CONNECT provides the secure, unified foundation organizations need to turn complex operational data into a strategic asset.

About AVEVA

AVEVA is a global leader in industrial software, sparking ingenuity to drive responsible use of the world’s resources. Over 90% of leading industrial enterprises rely on AVEVA to help them deliver life’s essentials: safe, reliable energy, food, medicines, infrastructure and more. By connecting people with trusted information and AI-enriched insights, AVEVA helps them engineer capital projects more efficiently, operate better and create sustainable value, from the plant to the cloud and beyond. Through our industrial intelligence platform, CONNECT, and our trusted and secure information management applications enriched with industrial AI, AVEVA empowers businesses to drive deeper collaboration between teams and to accelerate insight across their ecosystem of suppliers, partners and customers.

Named as one of the world’s most innovative companies, AVEVA’s open solutions draw on the expertise of more than 6,000 employees, 5,000 partners and 5,700 certified developers. The company, which has operations around the globe, is headquartered in Cambridge, UK. Learn more at www.aveva.com.

Photo: https://mma.prnewswire.com/media/2995215/AVEVA.jpg

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Technology

JA ESS Launches JAPlanet Fusion C&I Hybrid Solar-Plus-Storage System

Published

20 minutes ago

June 5, 2026

SHANGHAI, June 5, 2026 /PRNewswire/ — JA ESS launched JAPlanet Fusion, its latest 125kW/261kWh commercial and industrial (C&I) hybrid solar-plus-storage system. Designed for factories, industrial parks, commercial facilities, public infrastructure and EV charging stations, JAPlanet Fusion is built to simplify solar-plus-storage deployment, increase on-site renewable energy utilization and support more intelligent energy management.

JAPlanet Fusion is a DC-coupled hybrid system developed for C&I projects with high on-site solar consumption. The system supports up to 250kW of PV input and integrates PV access, energy storage conversion, on-grid/off-grid switching and energy management into one coordinated platform. By reducing the need for a separate PV inverter, the product helps simplify system configuration, shorten installation work and improve overall system efficiency.

The integrated architecture enables closer coordination among solar generation, battery storage, grid interaction and load demand. For C&I users operating under changing electricity tariffs and variable load profiles, JAPlanet Fusion can support higher solar self-consumption, more flexible energy scheduling and stronger power reliability. The system is suitable for applications including solar self-consumption, backup power, microgrids and solar-storage-charging scenarios.

Safety and long-term reliability are central to the product design. JAPlanet Fusion adopts a system-level safety architecture covering the battery system, power conversion and energy management, with coordinated monitoring and protection functions. The product also supports intelligent operation through JA ESS’s digital capabilities, helping users monitor system status, identify abnormalities and manage assets more efficiently throughout the lifecycle.

JAPlanet Fusion reflects JA ESS’s broader view of C&I energy storage: storage is no longer only about charging and discharging electricity. It is becoming an integrated energy management asset that connects renewable generation, load control, grid interaction and digital operation. Through this approach, C&I users can better respond to energy cost pressure, renewable energy consumption needs and power reliability requirements.

To support intelligent operation, JA ESS connects its product portfolio with JA Nebula™, the company’s digital energy platform. JA Nebula™ supports AI monitoring, operating data collection, intelligent alerts, remote diagnostics and maintenance management, helping improve system visibility, operation efficiency and long-term asset management.

JAPlanet Fusion is part of JA ESS’s broader Solar + Storage + X solution framework, which integrates solar generation, energy storage, loads, charging infrastructure and digital management across scenarios such as industrial and commercial parks, solar-storage-charging stations, microgrids, agriculture, mining and off-grid energy systems.

Alongside JAPlanet Fusion, JA ESS also introduced the upgraded JAPlanet 2.0, its All-in-One C&I BESS, further enhancing the company’s portfolio for peak shaving, demand management, backup power, dynamic capacity expansion and microgrid applications. Visit www.jasolar.com/ess for more product information.

SOURCE JA