Bitcoin mining company Hut 8 announces the launch of a $500 million ATM program and a $250 million stock buyback plan

Bitget2024/12/04 14:26

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

According to official news, Hut 8, a Bitcoin mining company listed on NASDAQ, announced the launch of a $500 million at-the-market (ATM) program and a $250 million stock repurchase plan. The company intends to use the net proceeds from selling common shares under the ATM program for growth plans, including acquiring or developing data centers and other power and digital infrastructure assets, as well as purchasing Bitcoin as strategic reserve assets. The net proceeds can also be allocated to other capital expenditures and investments, working capital, repurchasing issued securities, debt repayment and other general corporate purposes.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

In September, Anthropic directly acquired Caterpillar equipment orders worth 3.4 billion USD, securing 1.7 GW of gas generator units, marking the largest single purchase of power generation equipment in AI history. This move bypassed utility middlemen, capturing scarce capacity at prices set years ago with near-term delivery. It is part of Anthropic's plan to invest over 895 billion USD in computing infrastructure by 2045.

华尔街见闻•2026/11/08 12:41