Hut 8 Partners With Google for 15-Year Lease Financial Backing
Bitcoin mining firm Hut 8 secures long-term financial support from Google to fund a 15-year lease, signaling potential growth and stability in operations.
BTC
Summary
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Terms & Concepts
- Bitcoin mining: The process of using computing power to validate Bitcoin transactions and secure the network in exchange for newly minted Bitcoin rewards.
- Financial backing: Funding support provided by an investor or institution to help cover costs of a business project or operation.
- Lease: A contractual agreement granting use of property or equipment for a specified period in exchange for payment.