Hut 8 sold approximately 3,100 BTC to fund share repurchases, including about 954 BTC for $74.8 million in third-quarter buybacks and roughly 2,148 BTC for $175.4 million after quarter-end. The transactions funded repurchases and cancellation of 3,338,479 common shares, completing the original $250 million program. The board then raised the total authorization to $1 billion, expanding the company’s Bitcoin treasury monetization strategy. Separately, a second 352-megawatt lease fully commercialized the Beacon Point AI campus, taking Hut 8’s expected AI portfolio contract value to about $26.6 billion; the first data hall is expected in the second quarter of 2027.