Coatue Management invested $150 million in the Bitcoin miner Hut 8 Corp due to its capability to power generative AI applications with its high-performance computing.
Bitcoin miner Hut 8 lands $150M investment amid AI boom
![Bitcoin miner Hut 8 lands 0M investment amid AI boom Bitcoin miner Hut 8 lands 0M investment amid AI boom](https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjQtMDYvZDY5MDUwZDgtNzkxMi00ZTU2LWJiYzAtOGQ4OGM0NDkxYjAxLmpwZw==.jpg)
Coatue Management invested $150 million in the Bitcoin miner Hut 8 Corp due to its capability to power generative AI applications with its high-performance computing.