Monday, June 23, 2025

Latest

Hut 8 Closes $115 Million Bought Deal Offering, Begins Trading On Nasdaq

Hut 8 Mining Corp. (TSX: HUT) closed today its previously announced bought deal offering with a syndicate of underwriters led by Canaccord Genuity as sole bookrunner, and Stifel GMP. The company raised total gross proceeds of $115 million from the offering.

In connection with the offering, the company issued a total of 23.0 million units at $5.00 per unit. This includes the 3.0 million units from the full exercise of the 15% over-allotment option.

As previously stated, each unit contains one common share and one-half of a common share purchase warrant. Each whole warrant is exercisable to purchase a common share at $6.25 per share within two years from the issuance date.

According to its filed prospectus, the company intends to use the net proceeds for business growth. Within the announcement of the offering, Hut 8 mentioned that the proceeds are intended for funding the expansion of its digital mining and power capacity, the purchase of additional mining equipment, potential M&A transactions or partnerships, and general corporate purposes and working capital.

The company also starts trading on the Nasdaq today under the ticker symbol “HUT”.

Hut 8 Mining Corp. last traded at $5.26 on the TSX.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Tudor Gold x American Creek: Consolidating A Massive Gold Project

Aura Minerals: The Era Dorada Underground PEA

Gold Is Now Smart Money’s End Game | Doug Casey

Recommended

Goliath Resources Closes Out Funding Round With Total Gross Proceeds Of $27.1 Million

Silver47 Kickstarts 4,000 Metre Drill Campaign At Red Mountain Project

Related News

Hut 8 Closes Drumheller Mining Facility Despite Bitcoin Price Momentum

Despite bitcoin hitting recent highs, Hut 8 Corp (TSX: HUT) is scaling back certain of...

Wednesday, March 6, 2024, 08:28:58 AM

Hut 8 Mining Looks To Raise US$150 Million At $8.55 Per Share

Hut 8 Mining (TSX: HUT) this morning revealed the pricing of its public offering. Originally...

Wednesday, September 15, 2021, 08:13:14 AM

Hut 8 Corp Q3 Earnings: Riding A Bitcoin Rally

Hut 8 (TSX: HUT) is back in the spotlight following Bitcoin’s meteoric rise past $93,000...

Sunday, November 17, 2024, 03:39:00 PM

Hut 8 Mining Announces US$65 Million ATM Financing Months After US$173 Million Raise

Hut 8 Mining (TSX: HUT) last night attempted to quietly announce that it will be...

Saturday, February 12, 2022, 11:51:34 AM

Hut 8 Mining Slowly Steps Into Esports Space Via Partnership With Enthusiast Gaming

Hut 8 Mining (TSX: HUT) is apparently looking to muddy its once-simple investment thesis. The...

Wednesday, March 2, 2022, 08:22:12 AM