Buyback authority expanded to $1B
Company: Hut 8
The claim, verbatim
Hut 8 expanded its share repurchase authorization to $1 billion, after executing about $250 million in buybacks funded partly by selling about 3,100 BTC.
Source (primary)
Hut 8 details strategy shift to AI data center leases in Q3 call - Crypto Briefing (-, news_article)
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Quote: “Hut 8 executed around $250 million in share repurchases, funded in part by selling about 3,100 Bitcoin. It also expanded its buyback authority to $1 billion.”
How we checked this
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Additional evidence
confirms Hut 8 details strategy shift to AI data center leases in Q3 call - Crypto Briefing
Quote: “Hut 8 executed around $250 million in share repurchases, funded in part by selling about 3,100 Bitcoin. It also expanded its buyback authority to $1 billion.”