**News Flash: Hut 8's Bold $500M Move**

North American Bitcoin mining giant Hut 8 is making waves with a $500 million stock repurchase program. This initiative aims to fuel growth by acquiring Bitcoin as a strategic reserve and enhancing power and digital infrastructure. CEO Asher Genoot emphasized the program's role in navigating volatile markets and strengthening capital strategy.

Hut 8 plans to repurchase up to 4.68 million shares, representing 5% of its outstanding stock. Despite a dip to $6.33 in January, Hut 8's stock has surged 326% to $27.03. The firm also seeks to dismiss a class-action lawsuit linked to a short-seller report.