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

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%.

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

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.
Fuente: Cointelegraph - 🏆 562. / 51 Leer más »

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.
Fuente: wjxt4 - 🏆 246. / 63 Leer más »

Former Investment Banker Receives 41-Month Sentence for Crypto FraudCrypto Blog
Fuente: Crypto_Potato - 🏆 568. / 51 Leer más »

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.
Fuente: TheBlock__ - 🏆 464. / 53 Leer más »