Hut 8 (HUT) said Thursday its Beacon Point DC unit priced a $4.25 billion private offering of senior secured notes due in 2042, with the deal closing Tuesday.

The 6.129% debt will provide fully amortizing project financing for a data center while remaining non-recourse to the parent company, the company said.

The debt placement is restricted to qualified institutional buyers along with international investors, Hut 8 said.

Shares of the company were down 0.7% in Friday premarket activity.