Odaily Planet Daily News According to official news, Nasdaq-listed Bitcoin mining company Hut 8 announced the launch of a $500 million ATM (at-the-market) program and a $250 million stock repurchase program. The company intends to use the net proceeds from the sale of common stock under the ATM program for growth plans, including the acquisition or development of power and digital infrastructure assets such as data centers, as well as purchasing Bitcoin as a strategic reserve asset. The net proceeds can also be allocated to other capital expenditures and investments, working capital, repurchasing issued securities, repaying debt, and other general corporate purposes.