Hut 8 Corp. Files 8-K on Material Agreement

Ticker: HUT · Form: 8-K · Filed: 2024-10-01T00:00:00.000Z

Sentiment: neutral

Topics: material-agreement, equity-sale, 8-k

TL;DR

Hut 8 filed an 8-K on 9/27 for a material agreement & equity sales.

AI Summary

On September 27, 2024, Hut 8 Corp. filed an 8-K report detailing a material definitive agreement. The filing also covers unregistered sales of equity securities and includes Regulation FD disclosures and financial statements. The company is incorporated in Delaware and its principal executive offices are located in Miami, Florida.

Why It Matters

This filing indicates significant corporate actions and potential changes in equity structure for Hut 8 Corp., which could impact investors and market perception.

Risk Assessment

Risk Level: medium — Material definitive agreements and unregistered equity sales can introduce financial and operational risks that may affect the company's stock performance.

Key Numbers

Key Players & Entities

FAQ

What is the nature of the material definitive agreement filed by Hut 8 Corp. on September 27, 2024?

The filing indicates the entry into a material definitive agreement, but the specific details of this agreement are not provided in the provided text.

What type of equity securities were sold unregistered by Hut 8 Corp.?

The filing mentions unregistered sales of equity securities, but the specific type and details of these securities are not elaborated in the provided text.

What is the Commission File Number for Hut 8 Corp.?

The Commission File Number for Hut 8 Corp. is 001-41864.

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 the IRS Employer Identification Number for Hut 8 Corp.?

The IRS Employer Identification Number for Hut 8 Corp. is 92-2056803.

From the Filing

0001558370-24-013100.txt : 20241001 0001558370-24-013100.hdr.sgml : 20241001 20241001064113 ACCESSION NUMBER: 0001558370-24-013100 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 15 CONFORMED PERIOD OF REPORT: 20240927 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Unregistered Sales of Equity Securities ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20241001 DATE AS OF CHANGE: 20241001 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Hut 8 Corp. CENTRAL INDEX KEY: 0001964789 STANDARD INDUSTRIAL CLASSIFICATION: FINANCE SERVICES [6199] ORGANIZATION NAME: 09 Crypto Assets IRS NUMBER: 922056803 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-41864 FILM NUMBER: 241341266 BUSINESS ADDRESS: STREET 1: 1101 BRICKELL AVENUE, SUITE 1500 CITY: MIAMI STATE: FL ZIP: 33131 BUSINESS PHONE: 305-224-6427 MAIL ADDRESS: STREET 1: 1101 BRICKELL AVENUE, SUITE 1500 CITY: MIAMI STATE: FL ZIP: 33131 8-K 1 hut-20240927x8k.htm 8-K 0001964789 false 0001964789 2024-09-27 2024-09-27 ​ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): September 27 , 2024 Hut 8 Corp. (Exact name of registrant as specified in its charter) ​ ​ ​ Delaware 001-41864 92-2056803 (State or other Jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) ​ ​ ​ 1101 Brickell Avenue , Suite 1500 , Miami , Florida 33131 (Address of Principal Executive Offices) (Zip Code) Registrant’s Telephone Number, Including Area Code: ( 305 ) 224 6427 Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: ​ ​ ​ Title of each class Trading Name of each exchange on which registered Common Stock, par value $0.01 per share HUT The Nasdaq Stock Market LLC Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☒ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☒ ​ ​ ​ ​ Item 1.01 Entry into a Material Definitive Agreement. On September 27, 2024, Hut 8 Corp. (the “Company”), U.S. Data Mining Group, Inc. (d/b/a U.S. Bitcoin Corp.), a wholly-owned subsidiary of the Company (“USDG”), US Data Guardian LLC, a wholly owned subsidiary of the Company (the “Borrower”), and U.S. Data Technologies Group Ltd. (together with the Company, USDG and the Borrower, the “Company Parties”) , entered into a Debt Repayment Agreement (the “Debt Repayment Agreement”) with Anchorage Lending CA, LLC (the “Lender”). Pursuant to the Debt Repayment Agreement, on September 27, 2024 the Company issued 2,313,435 shares of common stock of the Company, par value $0.01 per share (“Common Stock”), at a

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