Visram retention - October 31, 2024 milestone
Company: Hut 8
What the later record shows
Outcome not yet confirmed
Visram is described as a former CFO who left in 2024. No passage says whether he was still employed through October 31, 2024, or whether the Third Bonus was paid.
“Leverton and Messrs. Visram and Amdiss who terminated employment with us in 2024”
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 October 31, 2024, he will receive USD $215,000 cash bonus
Source (primary)
Hut 8 8-K filed 2024-02-12 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “through (iii) October 31, 2024, then he will receive a retention bonus of USD$215,000 (the "Third Bonus")”
How we checked this
Checked on October 10, 2026. The cited source supports part of this claim, but not all of it.
The filing confirms a USD $215,000 retention bonus tied to October 31, 2024. Unlike the earlier bonuses, it does not describe this one as a cash bonus.
Confirmed in the source:
- If Shenif Visram remains employed through October 31, 2024, he receives a USD $215,000 retention bonus
We could not confirm this from the cited source:
- That Visram's October 31, 2024 retention bonus of USD $215,000 is paid in cash (the filing calls it a 'retention bonus' without specifying cash, unlike the first two bonuses)
That does not mean it is false — only that this source does not establish it, as of the date above. If we find a source that settles it, we will re-check and update this page.
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 (iii) October 31, 2024, then he will receive a retention bonus of USD$215,000 (the "Third Bonus")”