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Investor interest surges for bitcoin miners following Core Scientific AI hosting deal: JP Morgan https://t.co/omnNS9W9L0
The Bitcoin miner to AI supplier pivot continues https://t.co/fhjp1CvY3V https://t.co/wEUkzO6fpg
Coatue recently participated in the massive $7.5B Coreweave GPU financing. Now they are providing $150M of convertible note financing to Hut 8. The AI and Bitcoin compute businesses are converging and the world’s best technology investors are starting to understand the thesis. https://t.co/i7WzaiU3WY
Bitcoin miner Hut 8 has signed a major AI deal, marking a notable shift in the crypto-mining industry. Billionaire Philippe Laffont’s Coatue Management is the latest firm to invest in this AI transition, providing $150 million in convertible note financing to Hut 8. This move follows Coatue's recent participation in the $7.5 billion Coreweave GPU financing. Investor interest in bitcoin miners has surged, particularly after Core Scientific's AI hosting deal, according to JP Morgan. The convergence of AI and Bitcoin computing is attracting some of the world’s top technology investors.
