According to Deep Tide TechFlow news on August 24, as reported by Theminermag, Bitcoin mining and data center developer Hut 8 Corp. has updated its ATM stock issuance plan, which will allow the company to raise up to $1 billion through stock sales. This plan replaces the company's $500 million ATM plan that was initiated in December 2024.



It is worth noting that Hut 8 launched a $2.5 billion artificial intelligence data center project earlier this week in West Feliciana Parish, Louisiana. The project is expected to be completed by 2027.
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