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Mining company Hut 8 updates its equity sale plan, aiming to raise $1 billion.
On August 24, the U.S.-listed Bitcoin mining company Hut 8 Corp. updated its market (ATM) equity plan, aiming to raise up to $1 billion through stock sales. The new plan replaces Hut 8's $500 million ATM plan set to launch in December 2024. Earlier this week, the company broke ground on a $2.5 billion artificial intelligence data center in West Feliciana Parish, Louisiana.