Hut 8 Corp. Enters Material Definitive Agreement
Ticker: HUT · Form: 8-K · Filed: Aug 29, 2025 · CIK: 1964789
| Field | Detail |
|---|---|
| Company | Hut 8 CORP. (HUT) |
| Form Type | 8-K |
| Filed Date | Aug 29, 2025 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.01, $200 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-definitive-agreement, financial-obligation
TL;DR
Hut 8 Corp. just signed a big deal with new financial obligations.
AI Summary
On August 25, 2025, Hut 8 Corp. entered into a material definitive agreement, creating a direct financial obligation. The filing details this agreement and related financial obligations, with the company's principal executive offices located at 1101 Brickell Avenue, Suite 1500, Miami, Florida.
Why It Matters
This filing indicates Hut 8 Corp. has entered into a significant new agreement that will create financial obligations for the company.
Risk Assessment
Risk Level: medium — Entering into new material definitive agreements and financial obligations can introduce new risks and uncertainties for a company.
Key Players & Entities
- Hut 8 Corp. (company) — Registrant
- August 25, 2025 (date) — Date of earliest event reported
- 1101 Brickell Avenue, Suite 1500, Miami, Florida 33131 (location) — Address of Principal Executive Offices
- 305-224-6427 (phone_number) — Registrant's Telephone Number
FAQ
What type of material definitive agreement did Hut 8 Corp. enter into?
The filing states that Hut 8 Corp. entered into a material definitive agreement, but the specific details of the agreement are not provided in this excerpt.
What is the nature of the direct financial obligation created by this agreement?
The filing indicates the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement, but the specific terms are not detailed in this summary.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing was on August 25, 2025.
Where are Hut 8 Corp.'s principal executive offices located?
Hut 8 Corp.'s principal executive offices are located at 1101 Brickell Avenue, Suite 1500, Miami, Florida 33131.
What is Hut 8 Corp.'s telephone number?
Hut 8 Corp.'s telephone number, including area code, is (305) 224-6427.
Filing Stats: 915 words · 4 min read · ~3 pages · Grade level 11.6 · Accepted 2025-08-29 17:02:34
Key Financial Figures
- $0.01 — ch registered Common Stock, par value $0.01 per share HUT The Nasdaq Stock Mark
- $200 million — or a revolving credit facility of up to $200 million. Amounts borrowed under the Credit Agre
Filing Documents
- tm2524762d1_8k.htm (8-K) — 32KB
- tm2524762d1_ex10-1.htm (EX-10.1) — 287KB
- 0001104659-25-085775.txt ( ) — 544KB
- hut-20250825.xsd (EX-101.SCH) — 3KB
- hut-20250825_lab.xml (EX-101.LAB) — 33KB
- hut-20250825_pre.xml (EX-101.PRE) — 22KB
- tm2524762d1_8k_htm.xml (XML) — 4KB
01Entry into a Material Definitive Agreement
Item 1.01Entry into a Material Definitive Agreement. On August 25, 2025, Hut 8 MB One LLC, a Delaware limited liability company (the "Borrower"), Hut 8 Mining Holding Corp., a British Columbia corporation ("Pledgor"), each a wholly-owned subsidiary of Hut 8 Corp. (the "Company"), entered into a credit agreement (the "Credit Agreement") by and among the Borrower, as borrower, Pledgor, as pledgor, and Two Prime Lending Limited ("Two Prime"), as lender and administrative agent. The Credit Agreement provides for a revolving credit facility of up to $200 million. Amounts borrowed under the Credit Agreement will bear interest at a rate equal to 7.99% per annum. The facility will mature 364 days after the date of the first borrowing (the "Maturity Date"). The Borrower may prepay any outstanding amounts borrowed, in whole or in part, without premium or penalty, at any time prior to the Maturity Date. Amounts prepaid may be reborrowed, in whole or in part, at any time prior to the Maturity Date. The funds made available pursuant to the Credit Agreement are expected to be used for general corporate purposes. The Borrower's obligations under the Credit Agreement are secured by the Pledgor's interest in certain Bitcoin (the "Collateral") held in the custody of BitGo Trust Company, Inc. ("Custodian") and Two Prime's recourse under the Credit Agreement is limited to the Collateral. If the ratio between the fair value of the Collateral and the aggregate principal amount outstanding under the facility (the "Actual Margin Ratio") at any time during the term is equal to or less than 135%, a margin call event occurs. Upon a margin call event, Two Prime may deliver a notice to the Borrower requiring additional collateral be posted such that the Actual Margin Ratio is equal to 160% after taking into account the additional collateral. Two Prime cannot deliver more than one margin call notice per calendar day. The Borrower has the right to request that a portion of the Collateral
03Creation of a Direct Financial Obligation or
Item 2.03Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information set forth under
01 of this Current Report on Form 8-K is incorporated by reference in this Item 2.03
Item 1.01 of this Current Report on Form 8-K is incorporated by reference in this Item 2.03.
01Financial Statements and Exhibits
Item 9.01Financial Statements and Exhibits. Exhibit No. Description 10.1 Credit Agreement, dated as of August 25, 2025, between Hut 8 MB One LLC, Hut 8 Mining Holding Corp. and Two Prime Lending Limited. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 2
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. HUT 8 CORP. (Registrant) Date: August 29, 2025 By: /s/ Victor Semah Name: Victor Semah Title: Chief Legal Officer & Corporate Secretary 3