Hut 8 considers using BTC as collateral for AI data center business

Nasdaq-listed Bitcoin miner Hut 8 (HUT) is reportedly considering using its BTC holdings as collateral to expand its AI data center business. According to reports, Hut 8 is exploring the possibility of raising funds with its BTC to increase investment in AI and high-performance computing (HPC) infrastructure. The company explained that in addition to its mining operations, it is expanding its presence in the AI data center and power infrastructure sectors and is looking for ways to use BTC as a strategic financial asset.