10-29-2025 
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Canadian block reward mining firm Hut 8 (TSX: HUT|OTCQX: HUTMF) has filed documents with securities regulators, ahead of a proposed issue which could see the company raising as much as CAD$500 million (US$401.36 million) from investors.
The Toronto-listed firm filed a preliminary base shelf prospectus with each of the regulatory bodies in Canada’s provinces and territories, as well as filing a Form F-10 shelf registration statement with the U.S. Securities and Exchange Commission (SEC).
The U.S. filing was submitted in accordance with the U.S./Canada Multijurisdictional Disclosure System, which enables Hut 8 to extend its securities offering to investors in the U.S., as well as those based in Canada.
When finalized, the filings will allow Hut 8 to make available securities and other instruments up to the value of CAD$500 million, which is set to include a mix of shares, debt securities, convertible securities and other instruments, over a 25-month period.
The funds are expected to help finance the company’s ongoing growth, as it continues to benefit from surging prices in core digital currency markets.
Future offerings will also become available via a prospectus supplement, which can be filed with the Canadian securities authorities and their U.S. counterparts in the SEC respectively.
The registration has not yet come into effect, and no securities are yet available for sale. However, it is expected that the filing will get the go-ahead from regulators in due course, allowing Hut 8 to offer out its new securities to investors.
The move comes off the back of strong performance across the mining sector, fueled by the surge in digital currency prices. Similar to other mining firms, Hut 8 has seized the opportunity to turn to investors for new capital, as it plans further expansion of its operations.
See also: TAAL’s Jerry Chan presentation at CoinGeek Live, The Shift from Bitcoin “Miners” to “Transaction Processors”
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