DCD Magazine #62 - The coming wave
Will compute at sea sink or swim?
News - The Investment & Markets Channel, Hut 8
The latest news from the AI, data center, telco, chip, and cloud sector
DCD Magazine #62 out now
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Hut 8 prices $4.25bn note offering for 352MW Texas data center
Facility is already leased to an undisclosed hyperscale tenant
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Hut 8 selling $3.25bn in bonds to finance Google and Anthropic-backed River Bend AI data center campus
Development will act as the first leg in a 2.295GW partnership with Fluidstack and Anthropic
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Hut 8 sells 310MW Canadian natural gas portfolio to TransAlta
Portfolio comprises four projects in Ontario
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Trump's sons' American Bitcoin listed on Nasdaq
Hut 8 spin-out completes merger with Gryphon Digital Mining
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Hut 8’s American Bitcoin to go public in Gryphon Digital merger
Combined company will be traded under American Bitcoin name
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Hut 8 reports $134m Q1 loss amid Trump-backed American Bitcoin focus
Bitcoin halving impacts crypto operators
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Trump sons' Bitcoin mining business plans to eventually go public
But Eric Trump claims no conflict of interest for American Bitcoin Corp
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Hut 8 acquires data center company owned by Trump sons
Parent company to focus on “low-volatility” data center business and rebrands crypto unit
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Coatue invests $150 million in Hut 8 to target AI compute market
As Soluna raises $12.5 million for GPU cloud
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Hut 8 receives court approval on bid to buy gas power plants for mining crypto
Company also making progress on merger with US Bitcoin Corp
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Hut 8 and US Bitcoin announce merger
And Riot Platforms January 2023 updates