🚀Crypto miner Hut 8 is soaring high with a $150M investment from Coatue Management to build AI infrastructure! HUT shares are up, and the ripple effect is boosting other bitcoin mining-related data-center stocks like SHLN & APLD. 📈

AI firms' insatiable power hunger is being satisfied by bitcoin miners. The miners already have the computing capacity and power supply deals that AI firms crave, sparking a potential new era of M&A for bitcoin miners with attractive power contracts. 🤝

Interestingly, Coatue is also an investor in CoreWeave, a cloud-computing firm that recently offered over $1B to buy Hut 8 rival, Core Scientific. This highlights the growing interest in leveraging bitcoin miners' infrastructure for AI services.

Hut 8 is ready to fill the gap left by traditional data centers struggling to meet the surging demand for AI compute capacity.

What do you think about this trend? Are bitcoin miners the new powerhouses for AI? Let's discuss! 💬 #CryptoNews #AI #BitcoinMining