PANews reported on December 4 that according to official news, Nasdaq-listed Bitcoin mining company Hut 8 announced the launch of a $500 million ATM (at-the-market) plan and a $250 million stock repurchase plan. The company intends to use the net proceeds from the sale of common stock under the ATM plan for growth plans, including the acquisition or development of power and digital infrastructure assets such as data centers, and the purchase of Bitcoin as a strategic reserve asset. Net proceeds may also be allocated to other capital expenditures and investments, working capital, repurchase of issued securities, debt repayment, and other general corporate purposes.