US Nasdaq-listed Bitcoin mining company Hut8 (ticker: HUT) is pushing to issue bonds to raise funds for the establishment of a data center linked with Google. According to Bloomberg, Hut8 is reportedly raising funds for the data center's establishment by issuing secured bonds due in 2042. The company is pursuing a bond issuance of at least $3 billion, with investment banks such as Goldman Sachs, JP Morgan, and Morgan Stanley reportedly acting as lead managers. Google plans to support the project financially, including paying the rent for the data center where Hut8 has signed a lease agreement. Meanwhile, Hut8 has recently been pushing to shift its business direction from Bitcoin mining to an energy and digital infrastructure company.
