Hut 8 Raises $82 Million Ahead of Nasdaq IPO

Canadian cryptocurrency mining company Hut 8 has reached an agreement with Canaccord Genuity, which is acting as lead underwriter, to raise C$100 million ($82 million) ahead of its Nasdaq listing, according to CoinDesk. The underwriters have agreed to purchase 20 million shares at a price of C$5.00 per share, with each unit consisting of one common share and one-half of a common share purchase warrant. Separately, the units are expected to be listed for trading on or about June 15.