On June 12, Hut 8 Mining Corp rose 5.27% in regular trading, trading at $123.11/share, with turnover of $144 million.

On the news front, the company announced the appointment of E. Stanley O'Neal, former Chairman and CEO of Merrill Lynch, as Board Chairman effective immediately. Predecessor William Tai will remain as a director and continue serving on the nominating and governance committee. The leadership upgrade signals strengthened corporate governance at the executive level.

Additionally, the company's subsidiary Beacon Point DC 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 a 15-year lease agreement valued at a minimum of $9.8 billion and up to $25.1 billion. The dual catalysts of management elevation and large-scale project financing continue to bolster market confidence.

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