Data · Datacenter Dynamics
Hut 8 selling $3.25bn in bonds to finance Google and Anthropic-backed River Bend AI data center campus
Compiled by KHAO Editorial — aggregated from 1 outlet. See llms.txt for citation guidance.
◌ Single Source
Data center firm Hut 8 has announced the sale of $3.25 billion in investment-grade bonds to fund the development of its 245MW River Bend campus in Louisiana.
Key facts
- In December, the company announced a 15-year 245MW lease with Fluidstack for capacity at the campus, a deal valued at $7bn, potentially rising to $17.7bn if all options are exercised
- Data center firm Hut 8 has announced the sale of $3.25 billion in investment-grade bonds to fund the development of its 245MW River Bend campus in Louisiana
- Hut 8 secured the 592-acre campus location in Louisiana early last year, with plans for Bitcoin mining and AI workloads
- The offering is expected to close on April 30, 2026, subject to market and other conditions
Summary
River Bend is an AI data center campus in West Feliciana Parish, Louisiana, which Hut 8 claims has the potential to scale past 1GW of utility capacity. The project has involvement from both Google and Anthropic in the form of an agreement, backed by Google, to lease the campus to AI cloud firm Fluidstack. Proceeds from the sale will be used to finance the development and construction of the data center, as well as its relevant substation. The offering is expected to close on April 30, 2026, subject to market and other conditions.