Bitcoin mining company Hut 8 launches $1 billion fundraising plan
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According to Odaily Planet Daily, Bitcoin mining company Hut 8 has announced a new $1 billion at-the-market (ATM) stock offering, replacing the $500 million plan launched in December 2024. The new funds will be used to expand its high-performance computing and AI data centers. Earlier this week, the company reportedly broke ground on a $2.5 billion AI data center in West Feliciana County, Louisiana. (The Miner Mag)
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