Hut 8, the Bitcoin miner, has announced a new agreement that will provide a yearly return of 8% over a period of five years. The agreement also includes the option for Hut 8 to extend the investment for up to three additional years, making it a long-term commitment. Furthermore, the investment will be Coatue Management’s senior unsecured obligation, ensuring its importance and reliability.
Coatue Management’s founder, Philippe Laffont, expressed his confidence in Hut 8, stating that the Bitcoin miner is well-positioned to take advantage of the growing demand for computing capacity. This strategic move will enable Hut 8 to seize the emerging opportunities in the market and drive its expansion.
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