Visram retention - April 30, 2024 milestone
Company: Hut 8
What the later record shows
Outcome not yet confirmed
The 2025 proxy restates the retention terms and shows a $680,000 bonus to Visram for 2024. It does not say whether the April 30, 2024 bonus was paid or whether the RSU vesting was accelerated.
“Visram remained actively employed by the Hut Group and performed his duties in a manner satisfactory to our board of directors through (i) April 30, 2024”
2025-04-29 · Hut 8 DEF 14A filed 2025-04-30 View cached copy (2026-08-31)Live source ↗
“Shenif Visram, 1/1/2024–12/31/2024 259,616 680,000 — — 21,284 960,900 Former Chief Financial Officer”
2025-04-29 · Hut 8 DEF 14A filed 2025-04-30 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
If Shenif Visram remains employed through April 30, 2024, he will receive USD $315,000 cash bonus and 33,333 RSUs will accelerate vesting to April 30, 2024
Source (primary)
Hut 8 8-K filed 2024-02-12 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “Subject to Mr. Visram remaining actively employed by the Hut Group and performing his duties in a manner satisfactory to the Board of Directors of the Company through (i) April 30, 2024, then he will receive a cash retention bonus of USD$315,000 (the "First Bonus") and 33,333 restricted shares units of the Company scheduled to vest on December 31, 2024 will instead vest on April 30, 2024”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
The retention agreement provides a USD $315,000 cash bonus and accelerated vesting of 33,333 RSUs to April 30, 2024. The agreement also requires that he perform his duties to the Board's satisfaction.
Confirmed in the source:
- If Shenif Visram remains employed through April 30, 2024, he receives a USD $315,000 cash retention bonus
- 33,333 restricted share units originally scheduled to vest December 31, 2024 instead vest on April 30, 2024
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1964789/000110465924014634/tm245886d2_8k.htm) in full (7,987 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Hut 8 8-K filed 2024-02-12
Quote: “Subject to Mr. Visram remaining actively employed by the Hut Group and performing his duties in a manner satisfactory to the Board of Directors of the Company through (i) April 30, 2024, then he will receive a cash retention bonus of USD$315,000 (the "First Bonus") and 33,333 restricted shares units of the Company scheduled to vest on December 31, 2024 will instead vest on April 30, 2024”