{"id":144017,"date":"2024-12-05T19:00:10","date_gmt":"2024-12-05T17:00:10","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=144017"},"modified":"2024-12-05T14:44:45","modified_gmt":"2024-12-05T12:44:45","slug":"bitcoin-mining-company-launches-250-million-stock-buyback","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/bitcoin-mining-company-launches-250-million-stock-buyback\/","title":{"rendered":"Bitcoin Mining Company Launches $250 Million Stock Buyback"},"content":{"rendered":"

The company has initiated<\/a> <\/strong>a $250 million stock repurchase program while also launching a stock sale initiative, with funds allocated toward several growth objectives, including acquiring Bitcoin<\/a> <\/strong>as part of a strategic reserve.<\/p>\n

The new offering program, known as the at-the-market (ATM) program, permits Hut 8 to sell up to $500 million in common stock. The proceeds will be directed towards enhancing its power and digital infrastructure, building its Bitcoin reserve, and covering various corporate needs such as capital expenditures and debt management.<\/p>\n

In a statement on December 4, Hut 8 CEO Asher Genoot emphasized that the introduction of these two programs provides the company with robust tools to help navigate the challenges of the volatile market. “These initiatives reinforce our proactive approach to treasury management and capital strategy,” he said.<\/p>\n