Q3 share buyback funded by Bitcoin sales
Company: Hut 8
The claim, verbatim
Hut 8 repurchased $74.7 million of shares during the third quarter, funded with Bitcoin sales.
Source (primary)
Hut 8 shares plunge as third-quarter loss widens and revenue misses forecasts - Proactive financial news (-, news_article)
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Quote: “Hut 8 bought back $74.7 million of shares during the quarter and another $175.3 million afterward, funding both purchases with Bitcoin sales.”
How we checked this
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Additional evidence
confirms Hut 8 shares plunge as third-quarter loss widens and revenue misses forecasts - Proactive financial news
Quote: “Hut 8 bought back $74.7 million of shares during the quarter and another $175.3 million afterward, funding both purchases with Bitcoin sales.”