Hut 8 Announces Strategy to Pivot Power Assets to Long-Term AI Data Center Leases
HUT Hut 8 Corp
$61.06 +7.56%
View chart & analysis → - 1Hut 8 recorded a 1.3 gigawatt expansion in proprietary power pipeline capacity during the quarter.
- 2Non-recourse debt for Hut 8's data center construction amounts to $7.5 billion.
- 3Hut 8 used 3,100 Bitcoin to repurchase 3.3 million shares of its own stock.
So what's the key point?
Hut 8 is increasing its power supply facilities and using Bitcoin to buy back its own shares. The company is growing by shifting its business focus toward leasing facilities for artificial intelligence.
Source The Motley Fool +1 · View original ↗
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