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

Reuters

Jul 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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Subsidiary Completes Private Placement, Issuing 11 Million Shares for $215 Million, Including $10 Million in Bitcoin","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Hut 8 Corp. Subsidiary Completes Private Placement, Issuing 11 Million Shares for $215 Million, Including $10 Million in Bitcoin\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        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. 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Subsidiary Completes Private Placement, Issuing 11 Million Shares for $215 Million, Including $10 Million in Bitcoin\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-07-01 04:45</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Hut 8 Corp. Subsidiary Completes Private Placement, Issuing 11 Million Shares for $215 Million, Including $10 Million in Bitcoin\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        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.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>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.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4600","symbol_name":"加密货币概念","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250630:nNDL6d6NKp:1","article_id":"2548048666","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2548048666","pubTimestamp":1751316356,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"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  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","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4600":"加密货币概念","HUT":"Hut 8 Mining Corp","BK4595":"比特币概念","BK4023":"应用软件"},"translate_title":"Hut 8 Corp.子公司完成私募，以2.15亿美元发行1100万股股票，其中包括1000万美元的比特币","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HUT":0.9},"content_text":"Hut 8 Corp. Subsidiary Completes Private Placement, Issuing 11 Million Shares for $215 Million, Including $10 Million in Bitcoin\n    \n\n        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.\n      \n\nDisclaimer: 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. 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