Hut 8 Launches $500M ATM Program and Stock Buyback to Drive Bitcoin Mining Expansion

Hut 8 Corp. (Nasdaq | TSX: HUT), a leader in energy infrastructure and Bitcoin mining, has unveiled two significant capital market initiatives. The company announced a $500 million “at-the-market” (ATM) offering program and a $250 million stock repurchase program, highlighting its proactive approach to treasury management and shareholder returns.

Key highlights include:

• ATM Program: Hut 8 can issue and sell up to $500 million in common stock under its newly launched ATM program. Proceeds may be used for growth initiatives, including acquisitions of power and digital infrastructure, purchasing Bitcoin for strategic reserves, repaying debt, and other corporate purposes.
• Stock Repurchase Program: The company plans to repurchase up to 4.68 million shares, or 5% of its issued and outstanding stock, over the next 12 months.

“These tools support a robust, integrated capital strategy, reinforcing our proactive approach to treasury management,” said CEO Asher Genoot.

Hut 8’s plans underscore its commitment to strengthening its financial position while pursuing growth opportunities and driving sustainable shareholder returns.