Hut 8 Receives $150M Investment as Thirst for Energy Brings AI Firms to Bitcoin Miners

  • 📰 CoinDesk
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Aoyon Ashraf is managing editor with more than a decade of experience in covering equity markets

Coatue Management is investing $150 million in crypto miner Hut 8 to build AI-related infrastructures

The funding will be through convertible notes with an 8% annual interest rate and a conversion rate of $16.395 per share, according to aThe investment provided a boost for other bitcoin mining-related data centers that also service AI and high-performance computing on Monday. Soluna Holdings surged nearly 17% and Applied Digital added about 10%.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 291. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Bitcoin miner Hut 8 lands $150M investment amid AI boomBitcoin miner Hut 8 receives a $150 million investment from Coatue Management, driven by the company's potential to power generative AI applications with its high-power compute capabilities.
La source: Cointelegraph - 🏆 562. / 51 Lire la suite »

City Council mulls moving $94M of $150M community benefits investment out of stadium dealThe Jacksonville City Council will vote Thursday morning on whether to remove a key funding element from the Stadium of the Future deal with the Jaguars.
La source: wjxt4 - 🏆 246. / 63 Lire la suite »

Former Investment Banker Receives 41-Month Sentence for Crypto FraudCrypto Blog
La source: Crypto_Potato - 🏆 568. / 51 Lire la suite »

Bitcoin miner Hut 8 gets $150 million investment from Coatue to advance AI infrastructure marketHut 8 aims to leverage its ability to develop and operate complex energy infrastructure to address unmet demand and emerge as a leader in the artificial intelligence infrastructure market.
La source: TheBlock__ - 🏆 464. / 53 Lire la suite »