đš Breaking News: Hut 8 Repays $38 Million Loan! đš
Hut 8 has successfully converted its $38 million loan to Anchorage Digital into common stock at a 51% premium! This move strengthens their balance sheet, but the company still carries $290 million in debt, including a $150 million note for AI expansion.
đ As Hut 8 pivots towards AI with initiatives like a GPU-as-a-service program using 1,000 Nvidia H100 GPUs, theyâre adapting to the evolving tech landscape.
đ Key Takeaway: Investors should stay vigilant as any market instability could impact Hut 8 and the broader crypto mining industry!
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