PANews reported on June 25 that according to CoinDesk, crypto miner Hut 8 received a $150 million investment from Coatue Management to build artificial intelligence (AI) related infrastructure. The funds were provided through convertible bonds with an annual interest rate of 8%. The investment news pushed Hut 8's stock price up nearly 4%, and the stock prices of other Bitcoin mining-related data centers such as Soluna Holdings and Applied Digital also rose sharply. Coatue Management also invested in cloud computing company CoreWeave, which is trying to acquire Hut 8's competitor Core Scientific.