Hut 8 Corp. Subsidiary Completes Private Placement, Issuing 11 Million Shares for $215 Million, Including $10 Million in Bitcoin

Reuters
07/01
Hut 8 Corp. Subsidiary Completes Private Placement, Issuing 11 Million Shares for $215 Million, Including $10 Million in Bitcoin

On June 27, 2025, American Bitcoin Corp., a subsidiary of Hut 8 Corp., completed a private placement with accredited investors, selling 11,002,954 shares of Class A common stock for gross proceeds of $220,059,080. This includes $10 million worth of shares sold for Bitcoin at an exchange rate of one Bitcoin to $104,000. Total net proceeds after expenses were approximately $215 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Hut 8 Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001558370-25-009004), on June 30, 2025, and is solely responsible for the information contained therein.

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