Attention crypto enthusiasts! 🚀

Hut 8, a giant in Bitcoin mining, just settled a $38 million loan with Anchorage Digital through a stock conversion. The shares were valued at $16,395 each, up 51% from the 20-day average!

🔹 Hut 8 used 21,000 mining machines as collateral.

🔹 It still owes $290 million, including a $150 million convertible note to expand into AI.

🔹 It launched a GPU-as-a-service program with AdvizeX and HP supercomputers.

What do you think about this strategy? Leave us your comments!