Visram retention - July 31, 2024 milestone
Company: Hut 8
What the later record shows
Outcome not yet confirmed
Visram was replaced as CFO effective August 21, 2024, and received a $680,000 bonus in 2024. No passage states that the July 31, 2024 bonus was paid or that the RSU vesting was accelerated.
“Mr. Glennan was appointed as our Chief Financial Officer, effective as of August 21, 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 July 31, 2024, he will receive USD $315,000 cash bonus and 33,333 RSUs will accelerate vesting to July 31, 2024
Source (primary)
Hut 8 8-K filed 2024-02-12 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “through (ii) July 31, 2024, then he will receive a cash retention bonus of USD$315,000 (the "Second Bonus") and 33,333 restricted share units of the Company scheduled to vest on December 31, 2025 will instead vest on July 31, 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 July 31, 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 July 31, 2024, he receives a USD $315,000 cash retention bonus
- 33,333 restricted share units originally scheduled to vest December 31, 2025 instead vest on July 31, 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: “through (ii) July 31, 2024, then he will receive a cash retention bonus of USD$315,000 (the "Second Bonus") and 33,333 restricted share units of the Company scheduled to vest on December 31, 2025 will instead vest on July 31, 2024”