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Investor's Business Daily

Investor's Business Daily

Hut 8 scrambles higher on chatter that the bitcoin miner is partnering with Meta on a $12 billion AI data center

Investor's Business Daily
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Hut 8 (HUT) reported earlier this week that Hut 8 planned to build a $12 billion AI data center in Louisiana .

Facebook and Instagram parent Meta ( META ) is establishing a new AI development center in north Louisiana .

Neither Hut 8 nor Meta have officially announced a partnership for their respective projects.

Meanwhile, Bitdeer Technologies ( BTDR ) filed on Wednesday to raise $1 billion in a new offering.