Hamak Limited transitions from gold mining business to Bitcoin corporate treasury

Hamak Gold Limited raised £2.47 million to implement a Bitcoin treasury alongside ongoing gold exploration. This move corresponds with a growing interest in digital assets among UK firms.

Following the announcement, Hamak saw a 6% rise in its share price, reaching 1.17 GBX. The fundraising involved creating 308.4 million new shares, boosting its capital.

With the transition, a new board led by Nick Thurlow was appointed. Additionally, Qatari royal investment supported the establishment of the Bitcoin treasury, marking a notable change in direction.

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