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Hut 8 Mining Completes $173 Million Public Offering In Common Stock
Summary: Canadian mining company Hut 8 Mining announced the end of its public underwriting sale of common stock in the United States and Canada. The common shares were sold to the public at a price of $8.55 per share, resulting in a total income of $172,560,375 for Hut 8. The company intends to use the net ...
Canadian mining company Hut 8 Mining announced the end of its public underwriting sale of common stock in the United States and Canada.
The common shares were sold to the public at a price of $8.55 per share, resulting in a total income of $172,560,375 for Hut 8.
The company intends to use the net proceeds to support its business growth, including funding for capital investment in digital asset mining equipment to improve mining capacity, working capital, and other general corporate purposes, as well as be used in strategic partnerships, joint ventures, or acquisitions.
Hut 8 is the first miner listed on the Toronto Stock Exchange and the first Canadian miner listed on the NASDAQ Global Select Market. As of July 31, 2021, Hut 8 holds 4,123 BTC.
Tags: Hut 8 Mining
Link: Hut 8 Mining Completes $173 Million Public Offering In Common Stock [Copy]
