Hut 8, a prominent Bitcoin mining company, has announced a $150 million strategic investment from Coatue, one of the world's largest technology funds. This funding, provided as convertible note financing, will be used to partner in building a next-generation AI infrastructure platform and accelerate the growth of Hut 8’s data center portfolio. The investment is part of a broader trend where AI and Bitcoin compute businesses are converging, attracting significant interest from top technology investors.