🚀 Crypto News: Hut 8 Pays Off $38 Million Loan From Anchorage Digital By Converting Shares! 💰

📈 The convertible stock price is $16,395, 51% above its 20-day moving average. Hut 8 shares opened at $12.30 on October 1.

🖥️ Hut 8, which used 21,000 miners as collateral, currently has about $290 million in debt, including $150 million from Coatue Management to expand into AI.

🤖 CEO Asher Genoot: "With a stronger balance sheet, we are confident in moving forward with discussions and development of next-generation mining and AI data centers."

🔧 Hut 8 launches GPU-as-a-service program with AdvizeX, using Hewlett Packard supercomputers and 1,000 Nvidia H100 GPUs.

📊 Bitcoin network hashrate and difficulty hit record highs in early September. Hut 8 has 10 Bitcoin mining facilities and 5 high-performance data centers in North America.

💡 Closing facility in Alberta due to rising energy costs, but will open new facility in Texas.

👉 What do you think about Hut 8's move? Comment now! ⬇️