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Hut 8 Repays $38M Loan, Launches AI Computing Service

  • Cryptocurrency mining company Hut 8 has repaid a $38 million loan from Anchorage Digital through a stock conversion deal.
  • Hut 8 has launched a GPU-as-a-service program aimed at AI developers to expand into the artificial intelligence (AI) computing market.
  • Despite the loan repayment, Hut 8 still carries around $290 million in debt, including a $150 million convertible note.
  • Hut 8 currently operates 10 Bitcoin mining facilities and 5 high-performance computing data centers.

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