Convertible Note Redemption Right
Company: Hut 8
What the later record shows
Outcome not yet confirmed
Later filings only restate the conditional redemption right and show the note still outstanding at December 31, 2025. No passage covers the period after the June 2026 two-year anniversary.
“Beginning on the two year anniversary of the convertible note’s issuance and continuing until its maturity, the Company has the right”
2024-11-12 · Hut 8 10-Q filed 2024-11-13 View cached copy (2026-08-31)Live source ↗
“As of December 31, 2025, the convertible note had an outstanding principal amount of $ 159.3 million inclusive of PIK interest accrued”
2026-02-24 · Hut 8 10-K filed 2026-02-25 View cached copy (2026-08-31)Live source ↗
Checked October 10, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
Beginning on the two-year anniversary, company has right to redeem note at 100% of accrued principal plus accrued interest
Source (primary)
Hut 8 8-K filed 2024-06-24 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “Beginning on the two year anniversary of the Note's issuance and continuing until its maturity, the Company has the right, from time to time, to redeem all or any portion of the Note for a redemption price equal to 100% of the Accreted Principal Amount, together with any accrued and unpaid interest”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
The 8-K states that from the two-year anniversary until maturity, the company may redeem the note at 100% of the Accreted Principal Amount plus accrued and unpaid interest. The filing also makes this right conditional on the stock trading at or above 150% of the conversion price, on resale registration or Rule 144 eligibility, and on a daily volume limit, which the claim omits.
Confirmed in the source:
- Beginning on the two-year anniversary of the note's issuance, Hut 8 has the right to redeem the note
- The redemption price is 100% of the Accreted Principal Amount (principal plus any paid-in-kind interest)
- Accrued and unpaid interest is added to the redemption price
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1964789/000155837024009418/hut-20240621x8k.htm) in full (9,924 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Hut 8 8-K filed 2024-06-24
Quote: “Beginning on the two year anniversary of the Note's issuance and continuing until its maturity, the Company has the right, from time to time, to redeem all or any portion of the Note for a redemption price equal to 100% of the Accreted Principal Amount, together with any accrued and unpaid interest”