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American Bitcoin Owner Hut 8 Moves to New HQ in Miami Amid $26.6B AI Expansion

By Sneha Agrawal

In a major expansion, American Bitcoin majority owner Hut 8 Corp. is expanding its presence in Miami. It has relocated its headquarters to a significantly larger office in Miami, Florida. This comes as part of the company’s strategy to expand its energy infrastructure and artificial intelligence (AI) data center…

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Artificial intelligence

Computer systems that perform tasks that normally require human intelligence, such as understanding language, recognising images or making decisions.

AI is changing work, media and public services, raising questions about jobs, safety and regulation.

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Bitcoin

The first and largest cryptocurrency, created in 2009, with a fixed maximum supply and no central issuer.

Its price swings and adoption by funds and companies make it a bellwether for the whole crypto market.

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Data centre

A facility that houses large numbers of servers and networking equipment to store and process data.

Data centres use large amounts of electricity and water, which makes their location a local and climate issue.

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