Hut 8 Receives $150M Investment as Thirst for Energy Brings AI Firms to Bitcoin Miners
The funding came from Coatue Management, which is also an investor in CoreWeave, a cloud-computing firm looking to take over miner Core Scientific.
World of Cryptocurrency
The funding came from Coatue Management, which is also an investor in CoreWeave, a cloud-computing firm looking to take over miner Core Scientific.
Iris Energy is best positioned to take advantage of the high-performance computing/AI opportunity, the report said.
Hashrate for the Bitcoin network typically flattens or declines during North American summer time, industry experts say.