Bitcoin miner Hut 8 announces $500 million ATM program and $250 million share buyback program
2024-12-04 14:02:12
According to official news, Nasdaq-listed bitcoin miner Hut 8 announced the launch of the $500 million ATM (at-the-market) program and the $250 million share repurchase program. The company intends to use the net proceeds from the sale of common shares under the ATM program for growth programs, including the acquisition or development of power and digital infrastructure assets such as data centers, and the purchase of bitcoin as a strategic reserve asset. The net proceeds can also be allocated to other capital expenditures and investments, Working Funds, repurchase of issued securities, repayment of debt, and other general corporate purposes.
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