CoinVoice has recently learned that crypto mining company Hut 8 announced that it has received a strategic investment of US$150 million from Coatue, and the two parties will work together to build an artificial intelligence infrastructure platform.
Coatue has agreed to invest $150 million in the company through convertible notes with an annual interest rate of 8.00% (compounded quarterly). The notes have an initial term of five years, with the company having the option to extend for up to three one-year terms. The note offering is expected to close on or before July 11, 2024. [Original link]
