The insatiable demand for power by artificial intelligence firms is benefiting Bitcoin miners. Hut 8 (NASDAQ:HUT) shares outperformed most peers on Monday after the Miami-based company received a $150 million investment from Coatue Management to develop AI infrastructure. This investment will be provided through convertible notes with an 8% annual interest rate and a conversion rate of $16.395 per share, as stated by the company. Following the announcement, Hut 8 shares rose nearly 4% during Monday morning trading, even as most of its peers followed Bitcoin (BTC) lower. The investment also positively impacted other Bitcoin mining-related data centers involved in AI and high-performance com
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