Fidelity Acquires 10% Stake in Bitcoin Mining Firm Hut 8

Bitcoin.com | Jul 14, 2020 at 3:15 AM
  • Just recently Hut 8 Mining Corp., raised $8.3 million by selling shares to investors and it intends to add 275 PH/s of mining capacity to existing operations.
  • The ARM was invoked after Hut 8 raised the $8.3 million by selling shares to investors during the underwritten public offering.
  • Bitcoin proponents on social media and digital currency-focused forums seemed pleased with Fidelity increasing stake in Hut 8 mining.