Coatue Management Invests $150 Million in Bitcoin Miner Hut8, Boosting AI Capabilities

Investment firm Coatue Management is set to make a substantial investment in Bitcoin mining company Hut8. The investment, totaling $150 million, highlights the increasing intersection of cryptocurrency mining and high-performance computing for artificial intelligence applications. “We are committed to supporting innovators in AI and believe that computing capacity is crucial for unlocking significant growth across

Source: CoinOtag