Sunday, October 26, 2025

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 announced last night after the closing bell, the firm has now indicated the details behind the planned offering.

The firm intends to sell a total of 17.6 million shares of the company under the offering at a price of US$8.55 per share, with no warrants attached to the financing. A total of US$150.1 million is expected to be raised under the offering, before a 15% over-allotment option.

The financing is slated to close September 17, subject to customary conditions.

Funds raised from the offering are to be used to “fund capital investments in digital assets mining equipment,” as well as for working capital and general corporate purposes. The firm also outlines that funds may be used for acquisitions, joint ventures, and partnerships.

The announcement follows the firm last week revealing it produced 326 bitcoin in August, at an average of 10.5 bitcoin per day.

Hut 8 Mining last traded at $13.14 on the TSX, and $9.04 on the Nasdaq.


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

The Best News for Gold Was the Drop! – Peter Grandich

McEwen Copper: The Los Azules Feasibility Study

This Is Why the Gold Run Is Not Done! | Peter Marrone – Allied Gold

Recommended

Steadright Enters MOU To Acquire Historic Goundafa Polymetallic Mine In Morocco

Military Seizes Power in Madagascar After President Flees

Related News

Energy Giants Look To Move Into Cryptocurrency Space, Pressuring Miners

In late August 2020, international energy giant Equinor ASA (NYSE: EQNR) reportedly decided to partner...

Monday, September 28, 2020, 02:09:00 PM

Hut 8 Reports Major Equipment Failures At Drumheller Facility

Hut 8 Mining (TSX: HUT) continues to experience operating difficulties at its Drumheller, Alberta facility....

Tuesday, May 9, 2023, 08:47:04 AM

Hut 8 Mines 265 Bitcoin In November 2021

Hut 8 Mining Corp. (TSX: HUT) reported today its production results for the month of...

Thursday, December 2, 2021, 09:27:00 AM

Hut 8 Changes Strategy, Bitcoin Now To Be Used To Fund Growth

Hut 8 Corp (TSX: HUT) has completely abandoned its previous HODL strategy when it comes...

Tuesday, February 27, 2024, 09:19:38 AM

Hut 8 Mining: Pressured By Declining Revenue And Rising Costs

Hut 8 Mining Corp (TSX: HUT), one of the largest publicly traded Bitcoin miners in...

Wednesday, September 30, 2020, 06:45:00 PM