According to PANews on November 9, Bitcoin miner Hut 8 sold approximately 3,100 BTC in total, using proceeds of about $250 million to repurchase and cancel 3,338,479 shares of common stock, completing its original $250 million buyback authorization. The company sold 954 BTC for $74.8 million during Q3, and an additional 2,148 BTC for $175.4 million after quarter-end.

Hut 8's board has raised the stock repurchase authorization ceiling to $1 billion following the quarter.

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