According to ChainCatcher, Bitcoin mining company Hut8 repaid the balance of approximately $38 million in loans from Anchorage Digital through stock conversion. Anchorage Digital converted the debt into common stock at $16.395 per share.

Hut8's remaining debt includes a $150 million convertible note reached with Coatue Management in June, which is specifically used for the mining company's expansion into the artificial intelligence computing market.