Hut 8 Mining Corp has cleared a $38 million loan from Anchorage Digital by converting it to equity at a 51% premium, positioning itself for expansion into AI data centers. The company aims to leverage its expertise in GPU-as-a-service through a partnership with AdvizeX. Meanwhile, TeraWulf has sold its 25% stake in the 200 MW nuclear-powered Nautilus Cryptomine to Talen Energy for $92 million, achieving a 3.4x return on investment. TeraWulf plans to reinvest the proceeds into a high-performance computing and AI data center, expected to launch in Q1 2025. Both companies are shifting focus from traditional Bitcoin mining to AI-driven ventures.