Bitcoin mining firm Hut 8 said it will receive $150 million through convertible notes from Coatue Management, with plans to use the funding to build an artificial intelligence infrastructure platform.

The investment will be used to address a critical gap in the market: the surging demand for AI computing capacity. Many traditional data centre operators are increasingly unable to meet this demand due to a variety of challenges, including power shortages

Bitcoin mining firm Hut 8 said it will receive $150 million through convertible notes from Coatue Management, with plans to use the funding to build an artificial intelligence infrastructure platform.

The investment will be used to address a critical gap in the market: the surging demand for AI computing capacity. Many traditional data centre operators are increasingly unable to meet this demand due to a variety of challenges, including power shortages
https://cryptonews.com/news/bitcoin-miner-hut-8-receives-150m-to-build-ai-infrastructure.htm

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