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Hut 8 Wins $150M Investment from Coatue to Partner in Building Next Generation AI Infrastructure Platform

Author: Benzinga Newsdesk | June 24, 2024 06:32am

Hut 8 Corp. (Nasdaq | TSX: HUT) ("Hut 8" or the "Company"), a leading, vertically integrated operator of large-scale energy infrastructure and one of North America's largest Bitcoin miners, today announced that it has entered into a definitive agreement with a fund managed by Coatue Management, L.L.C. ("Coatue") pursuant to which Coatue has agreed to invest $150 million into the Company through a convertible note (the "Note").

Posted In: HUT