Hut 8 Announces $1 Billion Stock Issuance to Fuel AI Expansion

Bitcoin mining firm Hut 8 has announced a $1 billion stock issuance plan, aiming to fund expansion into artificial intelligence (AI) data centers and high-performance computing. This move comes in addition to an already existing $500 million plan, which signifies a significant shift towards AI infrastructure development within the cryptocurrency industry. The increased funding will enable Hut 8 to diversify its operations beyond traditional mining, potentially impacting Bitcoin market sentiment and tech investment trends.