Monday, September 8, 2025

Latest

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 conducting an at the market offering. Funds reportedly are to be used to fund ongoing operations and working capital requirements.

Under the terms of the financing, the company is to sell up to US$65 million worth of common shares on the open market. Shares to be sold under the offering will be sold exclusively on the Nasdaq Capital Markets, with the ATM not to include the Toronto Stock Exchange. The sale of the firms shares will be conducted by HC Wainright & Co.

Shares under the offering are to be sold at prevailing market prices. Proceeds from the sale are to be used for corporate purposes, including the repayment of indebtedness.

Details on timing of the at the market financing were not explicitly stated, however it is being conducted under a prospectus supplement dated February 11, 2022 that the firm has yet to file.

The financing follows a US$172.6 million financing conducted by the company in September 2021, at a price of US$8.55 per share, as well as a three year US$30 million senior secured equipment financing term loan the company entered into on December 30, which bears interest at a rate of 9.5% per annum.

The firm reported a cash position of $223.2 million as of September 30, 2021.

Hut 8 Mining last traded at $9.08 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

Avino Q2 Earnings: Steady As She Goes

MEG Energy: Cenovus Comes In With $7.9 BILLION Offer

Orla Mining Q2 Earnings: Musselwhite Changes Everything

Recommended

ESGold Outlines $24.3 Million NPV For Tailings Reprocessing Project

First Majestic Encounters 711 g/t Silver Equivalent Over 8.0 Metres In Ongoing Exploration At Los Gatos

Related News

Hut 8 Mines 299 Bitcoin In October

Hut 8 Mining (TSX: HUT) this morning posted its production results for the month of...

Thursday, November 3, 2022, 08:26:06 AM

Hive Blockchain To Raise Another US$100 Million Under At The Market Offering

Hive Blockchain (TSXV: HIVE) is once again raising money. The firm on Friday evening announced...

Sunday, September 4, 2022, 05:13:00 PM

Hut 8 Mining: Analysts Call For Q3 Revenues Of $47.9 Million

Hut 8 Mining Corp (TSX: HUT) announced that they will be reporting their third quarter...

Wednesday, November 10, 2021, 05:16:00 PM

Organigram Announces $49.0 Million At-The-Market Program

Organigram Holdings (TSX: OGI) (NASDAQ: OGI) this morning announced a new at-the-market program to help...

Wednesday, April 22, 2020, 08:26:10 AM

Hut 8 Sees Bitcoin Mining Halted At North Bay Facility Due To Power Provider Disagreement

Hut 8 Mining (TSX: HUT) continues to have problems with its operations in North Bay,...

Monday, November 28, 2022, 08:25:58 AM