Hut 8 has paid off $38 million in debt to Bitcoin mining company Anchorage Digital through a stock conversion. Anchorage converted the debt at $16,395 per share, a price 51% above its 20-day average price. However, Hut 8 shares opened at $12.30 on Oct. 1. The company still has $290 million in debt and is looking to expand into the AI ​​market. 📉🧐