Hut 8 mining announces ATM equity offering program

Hut 8 Mining (NASDAQ:HUT) has entered into an at-the-market offering agreement with H.C. Wainwright & Co., LLC as agent, pursuant to which the Company established an at-the-market equity program.

Pursuant to the ATM program, the company will sell through the agent, such number of common shares resulting in aggregate gross proceeds to the company of up to $65M.

Net proceeds will be used for general corporate purposes and may also be used to repay indebtedness outstanding from time to time, discretionary capital programs, and potential acquisitions.

The volume and timing of sales will be determined at the sole discretion of the Company's management and in accordance with the terms of the ATM Agreement.