Mining company Hut 8 may collaborate with Meta to build a data center

2024-12-12 20:06:36

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ChainCatcher news, according to CoinDesk, the pre-market stock price of Nasdaq-listed Bitcoin mining company Hut 8 rose to just below $30, an increase of over 11.75% from Wednesday's closing price of $26.69. The market speculates that Hut 8 is collaborating with Facebook's parent company Meta Platforms (META) to build a data center.

It is reported that Hut 8 is constructing a data center in West Feliciana Parish, Louisiana, with an initial cost of $12 billion.

According to Reuters, earlier this month, Meta also announced plans to build an artificial intelligence data center worth approximately $10 billion in Richland Parish, Louisiana. Bitcoin miners and artificial intelligence data centers have similarities in the equipment, computing power, and energy required for operation, leading the market to speculate that Hut 8 has reached a partnership with Meta, although it has not been officially announced. As of the time of publication, neither Hut 8 nor Meta has responded to this matter.

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