On June 11, Hut 8 Mining Corp rose 5.72% in regular trading, trading at $112.31/share, with trading volume of $59.40 million. The stock rebounded after a two-day pullback that had resulted in a cumulative decline exceeding 10%.

The rebound is linked to continued market digestion of a major financing milestone. The company's Beacon Point DC subsidiary recently priced $4.25 billion in investment-grade senior secured notes at a coupon rate of 6.129%, maturing in 2042. The proceeds will provide fully amortizing project financing for a 352-megawatt data center in Texas, with the debt remaining non-recourse to the parent company. The project had previously secured lease agreements with a guaranteed value of $9.8 billion and a maximum potential of $25.1 billion over 15 years.

Notably, Citi analysts highlighted that the AI data center financing market is entering a more mature phase, with over $50 billion in related investment-grade deals completed since last October. Hut 8's project was cited as one of the landmark transactions in this emerging asset class.

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