Hut 8 to build Bitcoin treasury with $500m raise
Bitcoin miner Hut 8 launched an at-the-market and stock repurchase program to finance its corporate strategic BTC reserve. Hut 8’s ATM initiative aims to raise $500 million for its Bitcoin btc7.74%Bitcoin treasury and $250 million to fund stock buybacks, per a Dec. 4 press statement. The firm’s CEO, Asher Genoot, stated that Hut 8’s decision will allow the miner to...
