American Bitcoin private placement
Company: Hut 8
The claim, verbatim
American Bitcoin completed an oversubscribed private placement raising approximately $220 million in gross proceeds in cash and Bitcoin.
Source (primary)
hut-8 8-K exhibit (hut-20250807xex99d1.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-10-08)Live source ↗
Quote: “Completed an oversubscribed private placement for American Bitcoin, generating aggregate gross proceeds in cash and Bitcoin of approximately $220 million.”
How we checked this
Checked on October 9, 2026. The cited source supports every part of this claim.
Hut 8's Q2 2025 earnings release states that an oversubscribed private placement for American Bitcoin was completed, generating approximately $220 million in gross proceeds in cash and Bitcoin.
Confirmed in the source:
- American Bitcoin completed an oversubscribed private placement
- The private placement generated aggregate gross proceeds of approximately $220 million
- The proceeds were in cash and Bitcoin
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1964789/000155837025010632/hut-20250807xex99d1.htm) in full (22,441 characters, retrieved October 8, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms hut-8 8-K exhibit (hut-20250807xex99d1.htm)
Quote: “Completed an oversubscribed private placement for American Bitcoin, generating aggregate gross proceeds in cash and Bitcoin of approximately $220 million.”