Source: Coindesk.com
Coatue Management is investing $150 million in crypto miner Hut 8 to build AI-related infrastructures The deal benefited HUT's shares as well as other bitcoin mining-related data-center stocks such as SHLN, APLD. Coatue is also behind CoreWeave, a cloud-computing firm that is looking to buy Hut 8 rival Core Scientific.
Read More https://www.coindesk.com/business/2024/06/24/hut-8-receives-150m-investment-as-thirst-for-energy-brings-ai-firms-to-bitcoin-miners/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
The post "Hut 8 Receives $150M Investment as Thirst for Energy Brings AI Firms to Bitcoin Miners" appeared first here Coindesk.com.
Source: Coindesk.com