First Convertible Note Interest Payment
Company: Hut 8
What the later record shows
Delivered; the record does not say when
Later filings show the note's principal rising from $150.1M to $159.3M including accrued PIK interest, so interest has been paid in kind. No passage specifically confirms the September 30, 2024 payment.
“As of September 30, 2025, the convertible note had an outstanding principal amount of $ 159.3 million inclusive of PIK interest accrued”
2025-11-03 · Hut 8 10-Q filed 2025-11-04 View cached copy (2026-08-31)Live source ↗
“payable quarterly in arrears on each March 31, June 30, September 30, and December 31, commencing September 30, 2024.”
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
First interest payment due on September 30, 2024
Source (primary)
Hut 8 8-K filed 2024-06-24 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “payable quarterly in arrears on each March 31, June 30, September 30 and December 31, commencing September 30, 2024”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
The filing states interest is payable quarterly in arrears commencing September 30, 2024, making that the first interest payment date.
Confirmed in the source:
- Interest on the Hut 8 convertible note is payable quarterly in arrears, with payments commencing September 30, 2024
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: “payable quarterly in arrears on each March 31, June 30, September 30 and December 31, commencing September 30, 2024”
confirms Hut 8 10-Q filed 2025-11-04
Quote: “As of September 30, 2025, the convertible note had an outstanding principal amount of $ 159.3 million inclusive of PIK interest accrued”
confirms Hut 8 10-K filed 2026-02-25
Quote: “payable quarterly in arrears on each March 31, June 30, September 30, and December 31, commencing September 30, 2024.”