PANews reported on December 12 that according to CoinDesk, the share price of Bitcoin mining company Hut 8 (HUT) rose nearly 12% to $30 in pre-market trading due to rumors on social media that the data center it built in Louisiana may be related to Meta Platforms (META). Despite this, Hut 8 and Meta have not officially announced any partnership.

Hut 8 is investing $12 billion to build a data center in West Feliciana Parish, Louisiana, and Meta has previously announced plans to invest $10 billion to build an AI data center in Richland Parish, Louisiana. Bitcoin mining companies and AI data centers have similarities in computing power and energy requirements, and many mining companies are gradually getting involved in the field of AI computing to expand their sources of income. Hut 8 also recently announced a $500 million market issuance plan and a $250 million stock repurchase plan . As of November, the company held 9,122 BTC (worth $921 million), making it the seventh largest Bitcoin holder among publicly listed companies.