Bitcoin mining company Hut 8 Corp. has secured a $150 million strategic investment from Coatue Management through convertible notes with an 8% annual interest rate and an initial term of five years. The investment aims to accelerate Hut 8's development of new computing capabilities. This funding is expected to enhance Hut 8's position in the growing AI and high-performance computing sectors.

Source: https://0xzx.com/2024062419104561895.html