Key facts
Extracted from this filing and checked against the source text.
Auditor Changes
SEC 8-K Item 4.01/4.02
confidence 0.9
Hut 8 Corp. engaged Raymond Chabot Grant Thornton as its auditor.
- Action
- engagement
- Auditor
- Raymond Chabot Grant Thornton
Exact text from the filing
On November 30, 2023, New Hut’s board of directors (the “New Hut Board”) approved the engagement of Raymond Chabot Grant Thornton (“RCGT”) as New Hut’s independent registered public accounting firm
View on SEC.gov
Auditor Changes
SEC 8-K Item 4.01/4.02
confidence 0.9
Hut 8 Corp. dismissed RSM US LLP as its auditor.
- Action
- dismissal
- Auditor
- RSM US LLP
- Successor
- Raymond Chabot Grant Thornton
Exact text from the filing
Upon the consummation of the Business Combination, the Company notified RSM of its termination of its engagement with RSM with respect to audit services provided to USBTC, effective following RSM’s review of USBTC’s historical financial statements for the quarter ended September 30, 2023 and the Company’s filing of the applicable Quarterly Report on Form 10-Q.
View on SEC.gov
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Hut 8 Corp. incurred term loan of $50 million credit agreement with Coinbase Credit, Inc. at the greater of (i) the federal funds rate on the date of the applicable borrowin maturing 364 days after the date of the first borrowing.
- Instrument
- term loan
- Principal
- $50 million credit agreement
- Counterparty
- Coinbase Credit, Inc.
- Rate
- the greater of (i) the federal funds rate on the date of the applicable borrowin
- Maturity
- 364 days after the date of the first borrowing
- Event
- incurrence
Exact text from the filing
Hut 8, through its wholly-owned subsidiary Hut 8 Holdings, entered into a $50 million credit agreement with Coinbase Credit, Inc., (“Coinbase Credit”) dated June 26, 2023 (the “Coinbase Agreement”).
View on SEC.gov
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Hut 8 Corp. amended loan of approximately $49.0 million with Anchorage Lending CA, LLC maturing 5 years.
- Instrument
- loan
- Principal
- approximately $49.0 million
- Counterparty
- Anchorage Lending CA, LLC
- Maturity
- 5 years
- Event
- amendment
Exact text from the filing
certain of its assets to USDG pursuant to the Refinanced Loan Agreement. As of February 3, 2023, USBTC (and the Loan Parties) owe, and have agreed to repay, approximately $49.0 million to Anchorage, in addition to interest (the “Outstanding Loan Amount”). Pursuant to the Refinanced Loan Agreement, the Outstanding Loan Amount is repaid on a monthly basis through
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Stanley O’Neal was appointed as Director at Hut 8 Corp..
- Action
- appointed
- Role
- Director
Exact text from the filing
each of the following former members of the Hut 8 board of directors was designated and appointed to the New Hut Board: Jaime Leverton, Bill Tai, Carl J. Rickertsen, Alexia Hefti and Joseph Flinn; and each of the following former members of the USBTC board of directors was designated and appointed to the New Hut Board: Asher Genoot, Michael Ho, Stanley O’Neal, Mayo A. Shattuck III and Amy Wilkinson.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Michael Ho was appointed as Chief Strategy Officer at Hut 8 Corp..
- Action
- appointed
- Role
- Chief Strategy Officer
Exact text from the filing
Michael Ho 30 Chief Strategy Officer and Director
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Matthew Prusak was appointed as Chief Commercial Officer at Hut 8 Corp..
- Action
- appointed
- Role
- Chief Commercial Officer
Exact text from the filing
Matthew Prusak 30 Chief Commercial Officer
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jaime Leverton was appointed as Director at Hut 8 Corp..
- Action
- appointed
- Role
- Director
Exact text from the filing
each of the following former members of the Hut 8 board of directors was designated and appointed to the New Hut Board: Jaime Leverton, Bill Tai, Carl J. Rickertsen, Alexia Hefti and Joseph Flinn; and each of the following former members of the USBTC board of directors was designated and appointed to the New Hut Board: Asher Genoot, Michael Ho, Stanley O’Neal, Mayo A. Shattuck III and Amy Wilkinson.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jaime Leverton was appointed as Chief Executive Officer at Hut 8 Corp..
- Action
- appointed
- Role
- Chief Executive Officer
Exact text from the filing
Jaime Leverton 45 Chief Executive Officer and Director
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Alexia Hefti was appointed as Director at Hut 8 Corp..
- Action
- appointed
- Role
- Director
Exact text from the filing
each of the following former members of the Hut 8 board of directors was designated and appointed to the New Hut Board: Jaime Leverton, Bill Tai, Carl J. Rickertsen, Alexia Hefti and Joseph Flinn; and each of the following former members of the USBTC board of directors was designated and appointed to the New Hut Board: Asher Genoot, Michael Ho, Stanley O’Neal, Mayo A. Shattuck III and Amy Wilkinson.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Carl J. Rickertsen was appointed as Director at Hut 8 Corp..
- Action
- appointed
- Role
- Director
Exact text from the filing
each of the following former members of the Hut 8 board of directors was designated and appointed to the New Hut Board: Jaime Leverton, Bill Tai, Carl J. Rickertsen, Alexia Hefti and Joseph Flinn; and each of the following former members of the USBTC board of directors was designated and appointed to the New Hut Board: Asher Genoot, Michael Ho, Stanley O’Neal, Mayo A. Shattuck III and Amy Wilkinson.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Amy Wilkinson was appointed as Director at Hut 8 Corp..
- Action
- appointed
- Role
- Director
Exact text from the filing
each of the following former members of the Hut 8 board of directors was designated and appointed to the New Hut Board: Jaime Leverton, Bill Tai, Carl J. Rickertsen, Alexia Hefti and Joseph Flinn; and each of the following former members of the USBTC board of directors was designated and appointed to the New Hut Board: Asher Genoot, Michael Ho, Stanley O’Neal, Mayo A. Shattuck III and Amy Wilkinson.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Aniss Amdiss was appointed as Chief Legal Officer at Hut 8 Corp..
- Action
- appointed
- Role
- Chief Legal Officer
Exact text from the filing
Aniss Amdiss 38 Chief Legal Officer and Corporate Secretary
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Bill Tai was appointed as Director at Hut 8 Corp..
- Action
- appointed
- Role
- Director
Exact text from the filing
each of the following former members of the Hut 8 board of directors was designated and appointed to the New Hut Board: Jaime Leverton, Bill Tai, Carl J. Rickertsen, Alexia Hefti and Joseph Flinn; and each of the following former members of the USBTC board of directors was designated and appointed to the New Hut Board: Asher Genoot, Michael Ho, Stanley O’Neal, Mayo A. Shattuck III and Amy Wilkinson.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Asher Genoot was appointed as Director at Hut 8 Corp..
- Action
- appointed
- Role
- Director
Exact text from the filing
each of the following former members of the Hut 8 board of directors was designated and appointed to the New Hut Board: Jaime Leverton, Bill Tai, Carl J. Rickertsen, Alexia Hefti and Joseph Flinn; and each of the following former members of the USBTC board of directors was designated and appointed to the New Hut Board: Asher Genoot, Michael Ho, Stanley O’Neal, Mayo A. Shattuck III and Amy Wilkinson.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Shenif Visram was appointed as Chief Financial Officer at Hut 8 Corp..
- Action
- appointed
- Role
- Chief Financial Officer
Exact text from the filing
Shenif Visram 51 Chief Financial Officer
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Asher Genoot was appointed as President at Hut 8 Corp..
- Action
- appointed
- Role
- President
Exact text from the filing
Asher Genoot 28 President and Director
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Michael Ho was appointed as Director at Hut 8 Corp..
- Action
- appointed
- Role
- Director
Exact text from the filing
each of the following former members of the Hut 8 board of directors was designated and appointed to the New Hut Board: Jaime Leverton, Bill Tai, Carl J. Rickertsen, Alexia Hefti and Joseph Flinn; and each of the following former members of the USBTC board of directors was designated and appointed to the New Hut Board: Asher Genoot, Michael Ho, Stanley O’Neal, Mayo A. Shattuck III and Amy Wilkinson.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Mayo A. Shattuck III was appointed as Director at Hut 8 Corp..
- Action
- appointed
- Role
- Director
Exact text from the filing
each of the following former members of the Hut 8 board of directors was designated and appointed to the New Hut Board: Jaime Leverton, Bill Tai, Carl J. Rickertsen, Alexia Hefti and Joseph Flinn; and each of the following former members of the USBTC board of directors was designated and appointed to the New Hut Board: Asher Genoot, Michael Ho, Stanley O’Neal, Mayo A. Shattuck III and Amy Wilkinson.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Joseph Flinn was appointed as Director at Hut 8 Corp..
- Action
- appointed
- Role
- Director
Exact text from the filing
each of the following former members of the Hut 8 board of directors was designated and appointed to the New Hut Board: Jaime Leverton, Bill Tai, Carl J. Rickertsen, Alexia Hefti and Joseph Flinn; and each of the following former members of the USBTC board of directors was designated and appointed to the New Hut Board: Asher Genoot, Michael Ho, Stanley O’Neal, Mayo A. Shattuck III and Amy Wilkinson.
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Hut 8 Corp.: Amended and restated bylaws adopted in connection with business combination (effective 2023-11-29).
- Change
- bylaw amendment
- Effective
- 2023-11-29
Exact text from the filing
On November 29, 2023, in connection with the consummation of the Business Combination, New Hut amended and restated its certificate of incorporation and its bylaws
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Hut 8 Corp.: Amended and restated certificate of incorporation adopted in connection with business combination (effective 2023-11-29).
- Change
- charter amendment
- Effective
- 2023-11-29
Exact text from the filing
On November 29, 2023, in connection with the consummation of the Business Combination, New Hut amended and restated its certificate of incorporation
View on SEC.gov
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
Hut 8 Corp. underwent a change of control involving U.S. Data Mining Group, Inc. doing business as "US BITCOIN" ("USBTC") and Hut 8 Mining Corp. ("Hut 8") (closed 2023-11-30).
- Action
- change of control
- Counterparty
- U.S. Data Mining Group, Inc. doing business as "US BITCOIN" ("USBTC") and Hut 8 Mining Corp. ("Hut 8")
- Closing
- 2023-11-30
Exact text from the filing
Effective November 30, 2023, Hut 8 Corp. ("New Hut" or the "Company") completed the previously announced merger of equals transaction contemplated by the Business Combination Agreement
View on SEC.gov
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