Hut 8 subsidiary American Bitcoin Corp. raises $220M in private placement

Hut 8 Corp.

Gross proceeds of $220,059,080 from sale of 11,002,954 shares; up to $250M oversubscription available.
$10M of shares sold for Bitcoin at $104,000 per BTC; balance in cash.
Net proceeds ~$215M after fees; to fund Bitcoin accumulation and miner purchases.
Offering exempt under Rule 506 of Reg D; shares not registered under Securities Act.

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