Hut 8 Closes $150M Convertible Note Investment from Coatue Management
Portfolio Pulse from Benzinga Newsdesk
Hut 8 Corp. (Nasdaq, TSX:HUT), a major Bitcoin miner, has closed a $150 million convertible note investment from Coatue Management.
July 01, 2024 | 10:49 am
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Hut 8 Corp. has secured a $150 million convertible note investment from Coatue Management, which is expected to strengthen its financial position and support its operations as one of North America's largest Bitcoin miners.
The $150 million investment will provide Hut 8 with significant capital, likely enhancing its operational capabilities and financial stability. This is a positive development for the company, which could lead to an increase in its stock price.
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