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Public Bitcoin Miner Closes $172 Million Common Share Public Offering

On Friday Hut 8 Mining introduced the closing of its underwritten public providing of widespread shares within the United States and Canada.

Hut 8 offered 20,182,500 widespread shares together with a full train of the underwriters’ choice to buy an extra 2,632,500 shares.

The widespread shares had been supplied to the general public at a value of US$8.55 per share leading to $172,560,375 of gross proceeds to Hut 8.

The large mining firm plans to use the proceeds from the shares to help the expansion of its services together with to fund the acquisition of mining tools to improve Hut 8’s hashrate and for strategic partnerships, acquisitions, and joint ventures.

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