Coatue Management is helping build crypto miner Hut 8's AI-related infrastructures with a $150 million investment. This positively impacted HUT shares and other Bitcoin mining-related data center stocks (such as SHLN, APLD). 😎

The energy needs of AI companies are constantly increasing, and Bitcoin miners are profiting from this situation. 🚀

Cloud computing provider CoreWeave has signed a 200-megawatt deal with miner Core Scientific for AI-related services and has offered to buy the company for more than $1 billion. However, Core rejected this offer. 🤷‍♂️

Coatue Management is one of CoreWeave's investors, indicating interest in using Bitcoin miners' existing infrastructure to power AI services. 💡

Hut 8 re-emphasized this energy need in Monday's press release. So, the crypto world is taking a big step forward in powering AI! 🎉

What are you thinking? We are waiting your comments!#DeFi#Web3