**Hut 8 Mines Debt, Strikes Gold with AI Expansion! ๐ค**
- Bitcoin miner Hut 8 has turned a $38M loan into stock, thanks to Anchorage Digital. The stock conversion price? A cool $16.395 per share, a 51% premium!
- Hut 8's stock opened at $12.30 on Oct. 1. Talk about a glow-up!
- The miner used 21,000 machines as collateral and still has $290M in debt. But hey, theyโre eyeing AI expansion with a $150M convertible note.
- CEO Asher Genoot is optimistic: โWeโre ready to rock the AI and mining world!โ
- Hut 8 launched a GPU-as-a-service with AdvizeX, featuring 1,000 Nvidia H100 GPUs.
Hut 8 is mining its way to the future! ๐