Ethzilla Corporation shares rise 4.07% premarket after announcing a $250 million stock repurchase program.

Ethzilla Corporation rose 4.07% in premarket trading, with the company announcing a share repurchase program of up to $250 million. The program, which will be funded using the company's working capital and from funds raised in "at-the-market" offerings or other future financings, is expected to be valid until June 30, 2026, or until a maximum of $250 million of the company's common stock has been repurchased or when the program is discontinued by the Board of Directors.