Coatue Management Commits $150 Million to Hut 8 for AI-Driven Bitcoin Mining Expansion

Bitcoin miner Hut 8 is poised to receive a substantial $150 million investment from technology-centric Coatue Management. Coatue’s investment decision is influenced by the burgeoning interest in artificial intelligence (AI). Philippe Laffont, the billionaire behind Coatue, will facilitate the investment through convertible notes, as disclosed on June 24. Discover the strategic move in the crypto

Source: CoinOtag