Bitcoin mining company Hut 8 has launched a new round of stock issuance plans worth up to $1 billion, which is no small amount. Notably, the purpose of this massive financing will not only focus on traditional mining but also prioritize the expansion of high-performance computing and AI data centers.

The transformation of mining companies into AI has almost become an industry consensus. After the Bitcoin halving, the profit margin for pure mining has been compressed, making the search for new growth curves an inevitable choice.

Hut 8's move, following several other mining companies, once again verifies that 'computing power' as a fundamental resource is also hard currency in the AI era. In the future, mining companies may no longer be simply 'Bitcoin concept stocks,' but rather a dual narrative of 'AI + Bitcoin.'