Hut 8 Wins $150M Investment from Coatue to Partner in Building Next Generation AI Infrastructure Platform
Portfolio Pulse from Benzinga Newsdesk
Hut 8 Corp. (Nasdaq: HUT) has secured a $150 million investment from Coatue Management to develop next-generation AI infrastructure. The investment will be made through a convertible note.
June 24, 2024 | 10:32 am
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Hut 8 Corp. has secured a $150 million investment from Coatue Management to develop next-generation AI infrastructure. This significant capital infusion is expected to enhance Hut 8's capabilities and market position.
The $150 million investment from Coatue Management is a substantial capital infusion that will enable Hut 8 to expand its AI infrastructure capabilities. This move is likely to enhance the company's market position and operational capacity, positively impacting its stock price in the short term.
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