Goldman Sachs tapped to underwrite 85% financing for Hut 8’s $7B AI campus
Goldman Sachs & Co. LLC will co-underwrite up to 85% loan-to-cost project financing for Hut 8’s River Bend AI data center, backing a 245 MW, $7.0 billion IT lease with Fluidstack for delivery by Q2 2027. During a recent Goldman Sachs investor call, SK Hynix forecast that global memory chip prices have shifted to a seller’s market with further gains expected throughout 2026.
1. Role in Hut 8 River Bend Financing
Goldman Sachs & Co. LLC has been engaged as a lead underwriter on project-level financing for Hut 8’s River Bend AI data center, which features a 245 MW IT capacity lease valued at $7.0 billion for a 15-year term with Fluidstack. The financing is structured with up to 85% loan-to-cost alongside J.P. Morgan, supporting delivery beginning in Q2 2027.
2. Insights from Conference Call with SK Hynix
On a recent Goldman Sachs-hosted investor call, SK Hynix executives signaled that the global memory chip market has fully shifted to a seller’s market, forecasting price increases throughout 2026. The commentary underscores improving margin outlooks for memory suppliers and potential impacts on downstream technology demand and capital markets advisory fees.