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Bitcoin Miner Hut 8 Closes Better-Than-Expected Equity Round at $8.3M

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Miner Hut 8 said last week it had raised a total of $8.3 million from selling a 6% equity stake to investors, approximately $800,000 more than the original $7.5 million funding target.

The Toronto-listed mining company says the funding will keep it competitive as smaller entities with older equipment feel the pinch from last month’s halving.

“We’re proud to close the first prospectus offering by a cryptocurrency mining company in Canada and further improve Hut 8’s lead as one of the largest public bitcoin miners,” said Jimmy Vaiopoulos, Hut 8’s interim CEO, in a statement.

Overall, investors purchased ...

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