---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-009418"
form_type: "8-K"
ticker: "HUT"
cik: "0001964789"
company_name: "Hut 8 Corp."
filed_at: "2024-06-24T23:59:59+00:00"
generated_at: "2026-06-01T02:37:15.012162+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Hut 8 secures $150M convertible note at 8% from Coatue for AI infrastructure buildout

## Summary
- $150M convertible note from Coatue, 8% interest, convertible at $16.395/share (45% premium to 10-day VWAP).
- Proceeds to fund growth capex and general corporate purposes; expected close by July 11, 2024.
- Note is senior unsecured, guaranteed by Hut 8 Mining Corp., 5-year term with up to 3 one-year extensions.
- Coatue partner cites scarcity of high-quality power assets and Hut 8's development track record.
- Hut 8 CEO says partnership will unlock opportunities in AI infrastructure.

## SEC filing metadata
- accession: 0001558370-24-009418
- form_type: 8-K
- ticker: HUT
- cik: 0001964789
- company_name: Hut 8 Corp.
- filed_at: 2024-06-24T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1964789/000155837024009418/0001558370-24-009418-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1964789/000155837024009418/hut-20240621x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-009418
- JSON: https://secwatch.observer/filing/0001558370-24-009418.json
- Plain text: https://secwatch.observer/filing/0001558370-24-009418.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.