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Bitcoin mining company Hut 8 has obtained a license in the Dubai International Financial Centre to support its capital strategy.
Gate News bot message, Bitcoin mining company Hut 8 Corp. recently announced that its subsidiary Hut 8 Investment Ltd has successfully obtained a commercial license in the Dubai International Financial Centre (DIFC).
This license will significantly enhance the company's ability to hold Bitcoin for structured derivatives strategies. At the same time, it will help Hut 8 expand its collaboration with institutional counterparties and effectively reduce trading costs.
This move is seen as an important step for Hut 8 in advancing its capital strategy, which is expected to bring new opportunities for the company's business development in the international financial market.