Coatue convertible note redemption
Company: Hut 8
What the later record shows
Outcome not yet confirmed
The Q2 2026 10-Q describes the Coatue note in the past tense ('was a senior unsecured obligation'), which hints it is no longer outstanding. No passage says it was redeemed, converted, or when.
“The convertible note was a senior unsecured obligation of the Company and guaranteed by the Guarantor pursuant to a Guaranty Agreement.”
2026-08-03 · Hut 8 10-Q filed 2026-08-04 View cached copy (2026-08-30)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
Hut 8's $150 million Coatue convertible note is subject to mandatory redemption beginning in late Q2 2026
Source (primary)
hut-8 8-K exhibit (hut-20260506xex99d1.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-09-08)Live source ↗
Quote: “the Company's $150.0 million Coatue convertible note, which is substantially in the money and subject to mandatory redemption beginning in late Q2 2026”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
Hut 8's Q1 2026 earnings release states that its $150.0 million Coatue convertible note is subject to mandatory redemption beginning in late Q2 2026. The release adds that this is subject to certain conditions.
Confirmed in the source:
- Hut 8 has a $150.0 million Coatue convertible note
- The Coatue convertible note is subject to mandatory redemption beginning in late Q2 2026
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1964789/000110465926055894/hut-20260506xex99d1.htm) in full (21,612 characters, retrieved September 8, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms hut-8 8-K exhibit (hut-20260506xex99d1.htm)
Quote: “the Company's $150.0 million Coatue convertible note, which is substantially in the money and subject to mandatory redemption beginning in late Q2 2026”