Hut 8 Receives $150M Investment as Thirst for Energy Brings AI Firms to Bitcoin Miners

“Many traditional data center operators are failing to meet the surging demand for AI compute capacity due to power shortages, long lead times to bring new capacity online, and the extensive upgrades required for existing data centers to support the latest generation of high-density compute,” it said. That’s a gap Hut 8 says it can help narrow.

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