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

according to official sources, Nasdaq-listed Bitcoin mining company Hut 8 has announced the launch of a $500 million ATM (at-the-market) program and a $250 million stock buyback plan. The company intends to use the net proceeds from the sale of common stock under the ATM program for growth initiatives, including the acquisition or development of power and digital infrastructure assets such as data centers, as well as purchasing Bitcoin as a strategic reserve asset. The net proceeds may also be allocated to other capital expenditures and investments, working capital, repurchasing issued securities, repaying debt, and other general corporate purposes.