Hut 8 Announces New ATM and Stock Repurchase Programs
Hut 8 Mining Corp. - Common Shares (HUT)
Company Research
Source: GlobeNewswire
MIAMI, Dec. 04, 2024 (GLOBE NEWSWIRE) -- Hut 8 Corp. (Nasdaq | TSX: HUT) (“Hut 8” or the “Company”), a leading, vertically integrated operator of large-scale energy infrastructure and one of North America’s largest Bitcoin miners, today announced three capital markets updates: The Company has entered into a Controlled Equity Offering Sales AgreementSM with the sales agents named therein (the “Sales Agreement”) pursuant to which it may offer and sell, under the Prospectus Supplement (as defined below), shares of its common stock, par value $0.01 per share (the “Common Stock”), having an aggregate offering price of up to $500.0 million from time to time pursuant to an “at-the-market” program (the “ATM Program”).The Company launched a $250.0 million stock repurchase program with respect to the Common Stock (the “Stock Repurchase Program”).Under the terms of the Company’s Convertible Note Purchase Agreement with Coatue Tactical Solutions Lending Holdings AIV 3 LP (“Coatue”), Coatue has
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News
- Hut 8’s Strategic Bitcoin Reserve Surpasses $1 Billion in Market Value with Purchase of $100 Million of BitcoinGlobeNewswire
- Hut 8 Director Amy Wilkinson Named to the 2024 NACD Directorship 100GlobeNewswire
- Hut 8 Corp. (NASDAQ: HUT) had its price target raised by analysts at Needham & Company LLC from $32.00 to $38.00. They now have a "buy" rating on the stock.MarketBeat
- Hut 8 Corp. (NASDAQ: HUT) is now covered by analysts at Piper Sandler. They set an "overweight" rating and a $33.00 price target on the stock.MarketBeat
- Hut 8 Corp. (NASDAQ: HUT) is now covered by analysts at Cantor Fitzgerald. They set an "overweight" rating and a $35.00 price target on the stock.MarketBeat