Bitcoin mining company Hut 8 launches a $500 million ATM plan and a $250 million stock buyback.

Wu Shuo learned that Bitcoin mining company Hut 8 announced three capital market plans:

1. To launch an "At-the-Market" (ATM) program, which can issue up to $500 million in common stock according to the agreement;
2. To introduce a $250 million common stock buyback program;
3. Coatue has agreed to initiate the stock buyback program without requiring registration of its common stock for convertible notes.

Hut 8 CEO Asher Genoot stated that these plans will enhance the company's ability to respond to market volatility and support its comprehensive capital strategy and fund management.