Bitcoin mining company Hut 8 repays $38 million Anchorage Digital loan

ChainCatcher news, Bitcoin mining company Hut8 repaid approximately $38 million of its loan balance obtained from Anchorage Digital through stock conversion. Anchorage Digital converted the debt into common stock at a price of $16.395 per share.

Hut8's remaining debt includes $150 million in convertible notes agreed upon with Coatue Management in June, specifically for the company's expansion into the artificial intelligence computing market.