Debt repayment via equity issuance
Company: Hut 8
The claim, verbatim
On September 27, 2024, Hut 8 Corp. issued 2,313,435 shares of common stock at $16.395 per share to repay $37,928,768.53 in outstanding principal and accrued interest
Source (primary)
Hut 8 8-K filed 2024-10-01 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “on September 27, 2024 the Company issued 2,313,435 shares of common stock of the Company, par value $0.01 per share ("Common Stock"), at a price of $16.395 per share of Common Stock, in exchange for the satisfaction of $37,928,768.53 total outstanding principal and accrued interest”
How we checked this
Checked on September 17, 2026. The cited source supports every part of this claim.
The 8-K states that on September 27, 2024 Hut 8 issued 2,313,435 common shares at $16.395 each in exchange for satisfying $37,928,768.53 of outstanding principal and accrued interest on loans from Anchorage Lending. Every element of the claim matches the filing.
Confirmed in the source:
- The issuance occurred on September 27, 2024
- Hut 8 Corp. was the issuer
- 2,313,435 shares of common stock were issued
- The price was $16.395 per share
- The shares were issued in exchange for satisfaction of debt (repayment)
- The debt satisfied totaled $37,928,768.53 in outstanding principal and accrued interest
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1964789/000155837024013100/hut-20240927x8k.htm) in full (5,839 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Hut 8 8-K filed 2024-10-01
Quote: “on September 27, 2024 the Company issued 2,313,435 shares of common stock of the Company, par value $0.01 per share ("Common Stock"), at a price of $16.395 per share of Common Stock, in exchange for the satisfaction of $37,928,768.53 total outstanding principal and accrued interest”