Deep Tide TechFlow News, on August 24, according to Theminermag, Bitcoin mining and data center developer Hut 8 Corp. has updated its at-the-market (ATM) stock issuance plan, which will allow the company to raise up to $1 billion through stock sales. This plan replaces the company's previous $500 million at-the-market offering plan launched in December 2024.

It is worth noting that Hut 8 earlier this week launched a $2.5 billion artificial intelligence data center project in West Feliciana Parish, Louisiana. The project is expected to be completed by 2027.