Completes previously announced $250 million buyback program, Hut 8 has cumulatively repurchased and cancelled 3.338 million shares

Odaily reports: Hut 8's third-quarter financial results show that the company sold approximately 954 bitcoins in Q3, using about $74.8 million to repurchase and cancel 953,802 common shares; after the quarter ended, it sold approximately 2,148 bitcoins, using about $175.4 million to repurchase and cancel 2,384,677 shares. The company has cumulatively sold approximately 3,100 bitcoins, using about $250 million to repurchase and cancel 3,338,479 shares, completing its previously announced $250 million buyback program. After the quarter ended, Hut 8's board of directors increased the total share repurchase authorization to $1 billion.