Hut 8's Strategic Bitcoin Reserve Surpasses $1 Billion in Market Value with Purchase of $100 Million of Bitcoin
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Hut 8 Corp. has increased its Bitcoin reserve to over $1 billion by purchasing $100 million worth of Bitcoin. This strategic move supports their innovative financing model for fleet upgrades.
December 19, 2024 | 11:45 am
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Hut 8 Corp. has strategically increased its Bitcoin reserve to over $1 billion by purchasing $100 million worth of Bitcoin. This move is part of their innovative financing model for fleet upgrades.
Hut 8's purchase of $100 million in Bitcoin increases their reserve to over $1 billion, indicating strong strategic positioning in the crypto market. This move supports their financing model for fleet upgrades, likely boosting investor confidence and potentially driving the stock price up.
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