According to TechFlow, Bitcoin mining company Hut 8 Corp. has announced that it has reached a final agreement with Coatue Management, LLC to obtain a strategic investment of US$150 million. The investment will be made in the form of convertible notes with an annual interest rate of 8% and an initial term of five years, aiming to accelerate the growth of Hut 8's AI computing power and enhance the expansion capabilities of its data center portfolio.
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Hut 8 receives $150 million strategic investment from Coatue to boost AI computing power growth
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