Michael Ho Chief Strategy Officer employment compensation
Company: Hut 8
What the later record shows
Not a promise: a reported event · happened November 30, 2023
The claim reports the terms of an employment agreement that had already been signed on November 30, 2023. The 2024 proxy confirms the agreement date and the $490,000 salary and 80% bonus target.
“On November 30, 2023, Hut 8 entered into employment agreements with each Asher Genoot and Michael Ho (collectively, the “Executive Employment Agreements”)”
2024-04-25 · Hut 8 DEF 14A filed 2024-04-26 View cached copy (2026-08-31)Live source ↗
“Hut 8 agrees to provide each executive officer: (i) an annual base salary of $490,000; (ii) an annual bonus with a target opportunity equal to 80% of base salary”
2024-04-25 · Hut 8 DEF 14A filed 2024-04-26 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
Michael Ho is employed as Chief Strategy Officer with a base salary of US$490,000 and an annual bonus with target opportunity equal to 80% of base salary, subject to achievement of performance goals set by the Board of Directors, plus eligibility for equity-based compensation.
Source (primary)
Hut 8 SC 13D filed 2023-12-07 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “Under the Executive Employment Agreement, the Company agreed to provide the Reporting Person: (i) a base salary (US$490,000); (ii) an annual bonus with a target opportunity equal to 80% of base salary, subject to achievement of any applicable performance goals established by the Board of Directors; (iii) eligibility to receive equity-based compensation as determined by the Board of Directors”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
The filing identifies Michael Ho as Chief Strategy Officer and describes his employment agreement. It lists a US$490,000 base salary, an 80%-of-salary target bonus subject to Board performance goals, and eligibility for equity compensation.
Confirmed in the source:
- Michael Ho is the Chief Strategy Officer of the Company and is employed under an Executive Employment Agreement
- Michael Ho's base salary is US$490,000
- Michael Ho's annual bonus has a target opportunity of 80% of base salary, subject to performance goals set by the Board of Directors
- Michael Ho is eligible for equity-based compensation as determined by the Board of Directors
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1964789/000110465923124090/tm2332027d1_sc13d.htm) in full (13,676 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Hut 8 SC 13D filed 2023-12-07
Quote: “Under the Executive Employment Agreement, the Company agreed to provide the Reporting Person: (i) a base salary (US$490,000); (ii) an annual bonus with a target opportunity equal to 80% of base salary, subject to achievement of any applicable performance goals established by the Board of Directors; (iii) eligibility to receive equity-based compensation as determined by the Board of Directors”