Hut 8, A Leading Bitcoin Miner, Attracts $150M Investment Amidst Increasing Focus on Sustainable Energy Practices
Monday, 24 June 2024, 15:29
Key Points:
The $150 million investment in Hut 8 signifies a strategic move towards sustainable Bitcoin mining practices.
Important Details:
- Coatue Management provides the funding to support Hut 8's growth.
- CoreWeave, a cloud-computing firm, is also an investor in this initiative.
- The investment underlines the trend towards energy-efficient mining operations in the cryptocurrency space.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.