Mining company Hut 8 once again sold approximately 2,148 bitcoins, raising about $250 million from coin sales combined in Q3 and post-quarter.

BlockBeats news, November 5 — Bitcoin mining company Hut 8 released its Q3 2026 report, disclosing that the company sold approximately 954 bitcoins in the third quarter for net proceeds of about $74.8 million, and used the funds to repurchase and cancel approximately 953,800 common shares for about $74.7 million. After the quarter, the company sold approximately 2,148 bitcoins for net proceeds of about $175.4 million, and repurchased and canceled approximately 2,384,700 shares for about $175.3 million.

The two transactions totaled approximately 3,100 bitcoins sold, raising about $250 million, completing the original $250 million repurchase plan. Hut 8 said the board subsequently raised the repurchase authorization to a total of $1 billion.