Technology investment manager Coatue Management is investing $150 million in Bitcoin miner Hut 8 Corp, taking advantage of the rise of artificial intelligence. 💰

June 24 Hut 8 Corp. announced a multimillion-dollar investment from billionaire Philippe Laffont's Coatue Management via a convertible note.

Hut 8, one of the largest public miners, is considered "well positioned" to accelerate new computing power.

The deal is expected before July 11 this year.