Credit · Tracked as filed as of 2026-07-12
Hut 8
- Borrower
- Beacon Point DC LLC (issuer)
- Seniority
- Senior secured, project-level; non-recourse to parent
- Maturity
- 2042-11-30
- Collateral
- 1st liens + equity pledge
- Lenders
- 144A via J.P. Morgan (representative) · Wilmington Trust (trustee)
- Pricing
- Amortizing from May 30, 2030; investment-grade rated (Moody's Baa2; S&P and Fitch preliminary BBB)
Source: 8-K 6/10/26; pricing 8-K 6/5/26 · document
- Borrower
- Hut 8 Mining Corp. (borrower)
- Seniority
- Secured; recourse limited to BTC collateral
- Maturity
- 2027-04-30
- Collateral
- Bitcoin at BitGo (143% initial ratio; 130% margin call; 105% liquidation)
- Lenders
- FalconX Charlie, Inc.
- Terms
- $200M drawn
Source: Q1-26 10-Q Note 19 + Ex. 10.2 · document
- Borrower
- Hut 8 DC LLC (issuer)
- Seniority
- Senior secured, project-level; non-recourse to parent
- Maturity
- 2042-11-15
- Collateral
- 1st liens on substantially all issuer assets + equity pledge
- Lenders
- 144A via J.P. Morgan (representative) · Wilmington Trust (trustee/collateral)
- Pricing
- Amortizing from May 15, 2028; rated BBB− (S&P/Fitch)
Source: 8-K 5/1/26; pricing 8-K 4/28/26 · document
- Seniority
- Not detailed
- Maturity
- 364 days from first borrowing
- Collateral
- Not stated
- Lenders
- Two Prime Lending Limited
- Terms
- Up to $200.0M; $0 drawn
Source: Q1-26 10-Q Note 9 · document
- Borrower
- Consolidated subsidiary
- Seniority
- Liability-classified equity-linked; unsecured
- Maturity
- Converts on equity financing
- Lenders
- Related party (unnamed)
- Pricing
- Non-interest-bearing; converts on equity financing
- Terms
- $3.5M ($3.2M fair value)
Source: Q1-26 10-Q Note 9 · document
- Seniority
- Secured; non-recourse
- Maturity
- 2027-04-08
- Collateral
- 1st-priority interest in TZRC membership interest
- Lenders
- Payee undisclosed
- Pricing
- Lesser of WSJ prime + 12.0% or 15.25% cap — at cap, PIK elected
- Terms
- Including PIK
Source: Q1-26 10-Q Note 9 · document
Collateral classes on this page: operator_campus, out, secured_undisclosed. The full
ledger, with every issuer and the derived credit series, is on Compute Credit.