No immediate buybacks or revolver use for buybacks
Company: Hut 8
The claim, verbatim
Genoot said Hut 8 does not expect to immediately buy shares following the authorization increase and will not use its revolver for buybacks.
Source (primary)
[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 (-, news_article)
View cached copy (2026-11-05)Live source ↗
Quote: “We don't expect to go and immediately go buy shares off the back of this increase, but rather just leave it on the shelf as an additional tool”
How we checked this
This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.
Additional evidence
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: “We don't expect to go and immediately go buy shares off the back of this increase, but rather just leave it on the shelf as an additional tool”