Buyback authorization raised to $1B
Company: Hut 8
The claim, verbatim
On November 2, 2026, Hut 8's board raised the share repurchase authorization to $1 billion.
Source (primary)
Riot (RIOT) And Hut 8 (HUT) Sell Thousands Of Bitcoin To Fund AI Ventures, Share Buybacks - Bitcoin Magazine (-, news_article)
View cached copy (2026-11-05)Live source ↗Archive.org ↗
Quote: “On Nov. 2 the board raised the repurchase authorization to $1 billion.”
How we checked this
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Additional evidence
confirms Riot (RIOT) And Hut 8 (HUT) Sell Thousands Of Bitcoin To Fund AI Ventures, Share Buybacks - Bitcoin Magazine
Quote: “On Nov. 2 the board raised the repurchase authorization to $1 billion.”
confirms Hut 8 Sold 3,102 Bitcoin to Buy Back $250 Million of Its Own Stock. Which Miners Are Still Holding Theirs? - 24/7 Wall St.
Quote: “the board approved an additional $750 million on November 2, 2026, bringing the total authorization to $1 billion with no expiration date”
confirms Hut 8 Corp (HUT) (Q3 2026) Earnings Call Highlights: $27 Billion AI Backlog, Record Net Income, ... - Yahoo Finance
Quote: “program increased from $250 million to $1 billion”
confirms [Hut 8 Q3 2026 Earnings Call] Hut 8 Says No New Equity Needed for $27 Billion AI Lease Backlog as Beacon Point Faces December 10 Audit - BigGo Finance
Quote: “The board then raised the authorization from $250 million to $1 billion.”
confirms Hut 8 Achieves $189.5 Million Q3 Profit and Secures $1.07 Billion Credit Facility - TheEnergyMag
Quote: “executed $250.0 million in share repurchases, funded by Bitcoin liquidations, and subsequently raised its total buyback authorization to $1.0 billion”