American Bitcoin Corp. (Hut 8 subsidiary) private placement completed

Checked on September 17, 2026. The cited source supports part of this claim, but not all of it.

The filing confirms the June 27, 2025 date, share count and gross proceeds. It describes that date as the first closing, not the completion of the placement.

Confirmed in the source:

• American Bitcoin Corp., a majority-owned subsidiary of Hut 8 Corp., entered into a private placement of Class A common stock
• A closing of the private placement occurred on June 27, 2025
• At that closing, 11,002,954 shares were issued
• Aggregate gross proceeds at that closing were $220,059,080 in cash and Bitcoin

We could not confirm this from the cited source:

• That the private placement was completed on June 27, 2025; the filing calls this the 'first closing' of a placement with maximum gross proceeds of up to $250 million

That does not mean it is false — only that this source does not establish it, as of the date above. If we find a source that settles it, we will re-check and update this page.

What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1964789/000155837025009004/hut-20250624x8k.htm) in full (4,345 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.

confirms Hut 8 8-K filed 2025-06-30

Quote: “The first closing of the Private Placement occurred on June 27, 2025. At the closing, the Company sold and issued 11,002,954 Shares for aggregate gross proceeds in cash and Bitcoin (as described below) of $220,059,080”

View cached copy (2026-08-31)Live source ↗