Bitcoin accepted as payment in private placement
Company: Hut 8
The claim, verbatim
$10 million of shares were sold for Bitcoin consideration at an exchange rate of 1 Bitcoin to $104,000
Source (primary)
Hut 8 8-K filed 2025-06-30 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “$10 million of Shares were sold for consideration of Bitcoin in lieu of cash at an exchange rate of one Bitcoin to $104,000.”
How we checked this
Checked on September 17, 2026. The cited source supports every part of this claim.
The filing states that $10 million of shares were sold for Bitcoin at an exchange rate of one Bitcoin to $104,000.
Confirmed in the source:
- $10 million of shares in the private placement were sold for Bitcoin instead of cash
- The exchange rate used was one Bitcoin to $104,000
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1964789/000155837025009004/hut-20250624x8k.htm) in full (4,345 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Hut 8 8-K filed 2025-06-30
Quote: “$10 million of Shares were sold for consideration of Bitcoin in lieu of cash at an exchange rate of one Bitcoin to $104,000.”