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🌐 Hut 8 Corp. Announces $500 Million ATM Program (Patreon)

Published:
2024-12-04 16:40:52
Imported:
2026-06
Tags:

Content

So far we have MARA doing this to buy Bitcoin

IREN and HUT doing it to buy back shares after diluting.

Looks like everyone is hitting the ATM

🌐 Hut 8 Corp. Announces $500 Million ATM Program Amid Strategic Expansion

Hut 8 Corp. (#Nasdaq | TSX: HUT), a leading Bitcoin mining company, has unveiled a significant financial strategy to support its growth initiatives. The company has established an “at-the-market” (ATM) equity program, allowing for the issuance and sale of up to $500 million in common stock.

Key Highlights:

•ATM Equity Program: The Controlled Equity Offering Sales Agreement enables Hut 8 to offer and sell shares of its common stock, providing flexibility to raise capital as needed.

•Stock Repurchase Initiative: Concurrently, Hut 8 has launched a $250 million stock repurchase program, reflecting confidence in its long-term prospects and commitment to shareholder value.

Comments

Joz

Jup voting open

Paul Stewart

CLSK has their finger on that button! They can't wait for a 7% stock increase to dilute :)

John Galt

Dilution and buyback announced at the same time… lol.

Berenz

I'm missing something. They dilute in order to buy back? What am I missing? Where is the beef?

Hobbit44

Any chance miners are going to have their “time in the sun”? Seems bleak and I’m holding bags that have nearly bled to death.

Russ T
>>157287747

I'm so glad I sold that and moved it to MSTR. The aggravation/frustration wasn't worth the potential gains.

Boolish

CLSK better not

Robert.P

This is the company Anthony Pompliano is doing PR for.

Hobbit44

If you've got hundreds of millions and you just index whatever assets are promoted in this community and at the time they're promoted, you can dump on the community's reaction almost easier than any other indicator, it seems. All we had to do was go full-bull SOL with James showing just how incredibly undervalued it was compared to other networks and it got completely suppressed while all the rest of the market pumped. I feel like miners will go hard up, just the minute we've all gotten convinced that dumping them is the way to go. I'm getting more and more stubbornly entrenched. SOL will do well, and miners will have their day. To heck with the manipulators....they can only do so much for so long.

Impulseive
>>157331839

I don't think that's what's happening. Sol pumped first and is now dormant while everything else plays catch-up. This community is a tadpole in the Sol pond.

Tbones

HUT and IREN playing market maker. Dilute the stock to lower the share price, then buy it back and ride wave up. Instead of buying bitcoin, like MSTR does, they use their own stock to gain yield by manipulating the price.