Hut 8 Corp. appointed E. Stanley O'Neal as Chair of the Board of Directors on June 11, 2026, effective immediately. O'Neal, an independent director since November 2023, succeeds William Tai, who continues to serve as a director and member of the Nominating and Governance Committee. The leadership change aligns with Hut 8's focus on building an enduring business at the intersection of energy and technology.

Asher Genoot, CEO of Hut 8, stated that O'Neal brings the discipline and judgment required of a major institutional leader. O'Neal is the former Chairman and Chief Executive Officer of Merrill Lynch & Co., serving in both roles from 2002 to 2007. He currently serves on the boards of Clearway Energy, Inc. and Element Solutions, Inc.

2026 Director Election Results

At the 2026 Annual Meeting of Stockholders held on June 11, 2026, eight nominees were elected as directors. The total votes cast, including abstentions, were 70,859,886. The votes for each director are detailed below:

Final voting results will be filed on Form 8-K with the U.S. Securities and Exchange Commission and on SEDAR+. Hut 8 is an energy infrastructure platform integrating power, digital infrastructure, and compute at scale.

Hut 8 Corp. closed a $4.25 billion offering of 6.129% senior secured notes due 2042 to finance the Beacon Point data center project in Nueces County, Texas. The notes are rated Baa2 by Moody's Ratings, one notch above the BBB− assigned to Hut 8's River Bend financing in April 2026. The offering was substantially oversubscribed, broadening Hut 8's institutional credit investor base and bringing cumulative project-level, investment-grade data center construction financing to $7.5 billion.

The issuer, Beacon Point DC LLC, a wholly-owned subsidiary of Hut 8, intends to use the proceeds to finance the development and construction of a turnkey data center with six data halls totaling 352 megawatts of critical IT capacity. The facility will be leased to a tenant rated AA− or higher as of the closing date. Additional proceeds will fund debt service reserves and pay offering-related fees and expenses.

Offering Highlights

The offering marks the second execution of a financing model that is non-recourse to Hut 8, fully funded at the project level, and non-dilutive to existing shareholders. The fully amortizing structure eliminates refinancing risk at the project level, while the non-recourse profile allows Hut 8 to maintain zero recourse debt at the parent level.

Priced at T+165 basis points, the notes priced 20 basis points inside the River Bend notes issuance spread. The terms establish the offering as the largest, tightest-priced, and highest-rated investment-grade bond issued to date in a single-sponsor data center construction financing.

Key Financial Details

Asher Genoot, CEO of Hut 8, said the offering establishes the ability of the company's data center projects to access investment-grade financing markets and demonstrates a repeatable model for funding construction-stage development. Sean Glennan, CFO of Hut 8, noted that Beacon Point improves on River Bend across key financing metrics, including rating and spread.

J.P. Morgan acted as lead bookrunner for the offering. Goldman Sachs & Co. LLC acted as a bookrunner.