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Market Chatter: Hut 8 Selling Bonds to Fund Google-Linked Data Center in Louisiana

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-- Hut 8 (HUT) is selling secured bonds due 2042 to fund the construction of data center linked to Alphabet's (GOOG, GOOGL) Google, Bloomberg reported Monday, citing a source with direct knowledge of the matter.

Initial pricing for the bonds is being discussed at a yield of about 2.13 percentage point above the benchmark, the source said.

Hut 8's 600,000-square-foot project is planning to sell at least $3 billion of investment-grade bonds to fund a 245-megawatt facility in St. Francisville, Louisiana, Bloomberg earlier reported.

Hut 8 and Google did not immediately reply to a request for comment from.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: $76.15, Change: $-0.69, Percent Change: -0.90%

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