Hut 8 Corp. Raises Up to $1 Billion through Stock Offering

U.S.-based Bitcoin mining company Hut 8 Corp. has significantly increased its fundraising efforts. The company’s updated market equity plan now seeks up to $1 billion in capital through a stock sale, marking a notable change from the previously announced $500 million ATM program launched in December 2024. The company recently commenced construction on a major artificial intelligence data center in Louisiana, estimated at $2.5 billion. This expansion reflects Hut 8’s commitment to advanced technology and its position within the evolving Bitcoin mining landscape.