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[8-K] Hut 8 Corp. Reports Material Event

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K
Rhea-AI Filing Summary

Morgan Stanley Finance LLC, guaranteed by Morgan Stanley, is marketing SPX Dual Directional Buffered Participation Securities maturing on August 1, 2030. The note鈥檚 performance is linked to the S&P 500 Index (SPX) and offers both upside participation and limited protection against moderate declines.

  • Upside mechanics: Investors receive 100% of any index gain, capped by a maximum payment of 147.5%鈥�152.5% of principal (鈮堚��$1,475鈥�$1,525).
  • Downside mechanics: A 20% buffer absorbs the first 20% of index losses. Within this range, the note pays an amount equal to the absolute return (e.g., 鈥�10% SPX = +10% payout). Losses beyond 鈥�20% are borne on a 1-for-1 basis, up to an 80% maximum loss.
  • Key dates: Pricing 7/28/2025, single observation 7/29/2030, maturity 8/1/2030.
  • Issue price: $1,000; estimated value: 鈮堚��$926.70 (reflects dealer margin and hedging costs).
  • Credit & liquidity: Payments depend on Morgan Stanley鈥檚 credit. The securities are unlisted, and secondary trading may be limited.

The offering is made under Registration Statement Nos. 333-275587 and 333-275587-01, via preliminary pricing supplement No. 9,061. Prospective investors should review the detailed risk factors and tax considerations before investing.

Morgan Stanley Finance LLC, garantita da Morgan Stanley, sta promuovendo i SPX Dual Directional Buffered Participation Securities con scadenza il 1 agosto 2030. La performance del titolo 猫 collegata al Indice S&P 500 (SPX) e offre sia partecipazione al rialzo che protezione limitata contro cali moderati.

  • Meccanismo di rialzo: Gli investitori ricevono il 100% di qualsiasi guadagno dell'indice, con un pagamento massimo compreso tra il 147,5% e il 152,5% del capitale (circa 1.475鈥�1.525 $).
  • Meccanismo di ribasso: Un buffer del 20% assorbe le prime perdite dell'indice fino al 20%. In questo intervallo, il titolo corrisponde un importo pari al rendimento assoluto (ad esempio, 鈥�10% SPX = +10% pagamento). Le perdite oltre il 鈥�20% sono a carico dell鈥檌nvestitore in un rapporto 1 a 1, fino a una perdita massima dell鈥�80%.
  • Date chiave: Prezzo 28/07/2025, osservazione unica 29/07/2030, scadenza 01/08/2030.
  • Prezzo di emissione: 1.000 $; valore stimato: circa 926,70 $ (include margine del dealer e costi di copertura).
  • Credito e liquidit脿: I pagamenti dipendono dalla solidit脿 creditizia di Morgan Stanley. I titoli non sono quotati e il trading secondario potrebbe essere limitato.

L鈥檕fferta 猫 effettuata ai sensi dei Registri n. 333-275587 e 333-275587-01, tramite il supplemento preliminare di prezzo n. 9.061. Gli investitori potenziali devono esaminare attentamente i fattori di rischio e le considerazioni fiscali prima di investire.

Morgan Stanley Finance LLC, garantizada por Morgan Stanley, est谩 comercializando los SPX Dual Directional Buffered Participation Securities con vencimiento el 1 de agosto de 2030. El rendimiento del bono est谩 vinculado al 脥ndice S&P 500 (SPX) y ofrece participaci贸n al alza junto con protecci贸n limitada contra ca铆das moderadas.

  • Mec谩nica al alza: Los inversores reciben el 100% de cualquier ganancia del 铆ndice, con un pago m谩ximo entre el 147.5% y 152.5% del principal (aproximadamente $1,475鈥�$1,525).
  • Mec谩nica a la baja: Un amortiguador del 20% absorbe las primeras p茅rdidas del 铆ndice hasta el 20%. Dentro de este rango, el bono paga un monto igual al rendimiento absoluto (por ejemplo, 鈥�10% SPX = +10% pago). Las p茅rdidas que excedan el 鈥�20% se asumen 1 a 1, hasta una p茅rdida m谩xima del 80%.
  • Fechas clave: Precio 28/07/2025, observaci贸n 煤nica 29/07/2030, vencimiento 01/08/2030.
  • Precio de emisi贸n: $1,000; valor estimado: aproximadamente $926.70 (incluye margen del distribuidor y costos de cobertura).
  • Cr茅dito y liquidez: Los pagos dependen del cr茅dito de Morgan Stanley. Los valores no est谩n listados y el comercio secundario puede ser limitado.

La oferta se realiza bajo los registros No. 333-275587 y 333-275587-01, mediante el suplemento preliminar de precio No. 9,061. Los inversores potenciales deben revisar detenidamente los factores de riesgo y consideraciones fiscales antes de invertir.

Morgan Stanley Finance LLC電� Morgan Stanley鞚� 氤挫鞚� 氚涭晞 SPX Dual Directional Buffered Participation Securities毳� 2030雲� 8鞗� 1鞚� 毵岅赴搿� 韺愲Г頃橁碃 鞛堨姷雼堧嫟. 鞚� 雲疙姼鞚� 靹标臣電� S&P 500 歆�靾�(SPX)鞐� 鞐半彊霅橂┌, 靸侅姽 彀胳棳鞕� 欷戧皠 鞝曤弰 頃橂澖鞐� 雽�頃� 鞝滍暅霅� 氤错樃毳� 鞝滉车頃╇媹雼�.

  • 靸侅姽 氅旍护雼堨: 韴瀽鞛愲姅 歆�靾� 靸侅姽攵勳潣 100%毳� 氚涭溂氅�, 鞗愱笀鞚� 147.5%~152.5%旯岇 斓滊寑 歆�旮� 頃滊弰臧� 鞛堨姷雼堧嫟 (鞎� $1,475~$1,525).
  • 頃橂澖 氅旍护雼堨: 20% 氩勴嵓臧� 斓滌磮 20% 歆�靾� 靻愳嫟鞚� 頋§垬頃╇媹雼�. 鞚� 氩旍渼 雮挫棎靹滊姅 雲疙姼臧� 鞝堧寑 靾橃澋毳犾棎 頃措嫻頃橂姅 旮堨暋鞚� 歆�旮夗暕雼堧嫟 (鞓�: 鈥�10% SPX = +10% 歆�旮�). 鈥�20%毳� 齑堦臣頃橂姅 靻愳嫟鞚� 1雽�1 牍勳湪搿� 韴瀽鞛愱皜 攵�雼错晿氅� 斓滊寑 80% 靻愳嫟旯岇 臧�電ロ暕雼堧嫟.
  • 欤检殧 鞚检爼: 臧�瓴� 毂呾爼 2025雲� 7鞗� 28鞚�, 雼澕 甏�旄� 2030雲� 7鞗� 29鞚�, 毵岅赴 2030雲� 8鞗� 1鞚�.
  • 氚滍枆 臧�瓴�: $1,000; 於旍爼 臧�旃�: 鞎� $926.70 (霐滊煬 毵堨 氚� 項れ 牍勳毄 韽暔).
  • 鞁犾毄 氚� 鞙犽彊靹�: 歆�旮夓潃 Morgan Stanley鞚� 鞁犾毄霃勳棎 霐半澕 雼澕歆戨媹雼�. 歃濌秾鞚� 牍勳儊鞛ル悩鞏� 鞛堨溂氅�, 2彀� 瓯半灅臧� 鞝滍暅霅� 靾� 鞛堨姷雼堧嫟.

氤� 瓿惦電� 霌彪氩堩樃 333-275587 氚� 333-275587-01鞐� 霐半澕 鞓堧箘 臧�瓴� 氤挫订靹� 氩堩樃 9,061鞚� 韱淀暣 鞚措（鞏挫雼堧嫟. 韴瀽鞛愲姅 韴瀽 鞝� 鞙勴棙 鞖旍唽 氚� 靹鸽 瓿犽牑靷暛鞚� 鞛愳劯頌� 瓴�韱犿暣鞎� 頃╇媹雼�.

Morgan Stanley Finance LLC, garantie par Morgan Stanley, commercialise des SPX Dual Directional Buffered Participation Securities arrivant 脿 茅ch茅ance le 1er ao没t 2030. La performance de la note est li茅e 脿 l'indice S&P 500 (SPX) et offre 脿 la fois une participation 脿 la hausse et une protection limit茅e contre des baisses mod茅r茅es.

  • M茅canisme 脿 la hausse : Les investisseurs re莽oivent 100 % de toute hausse de l鈥檌ndice, plafonn茅e par un paiement maximal de 147,5 % 脿 152,5 % du principal (environ 1 475 脿 1 525 $).
  • M茅canisme 脿 la baisse : Un buffer de 20 % absorbe les premi猫res pertes de l鈥檌ndice jusqu鈥櫭� 20 %. Dans cette fourchette, la note verse un montant 茅gal au rendement absolu (par ex., 鈥�10 % SPX = +10 % de paiement). Les pertes au-del脿 de 鈥�20 % sont support茅es au taux de 1 pour 1, jusqu鈥櫭� une perte maximale de 80 %.
  • Dates cl茅s : Fixation du prix le 28/07/2025, observation unique le 29/07/2030, 茅ch茅ance le 01/08/2030.
  • Prix d鈥櫭﹎ission : 1 000 $ ; valeur estim茅e : environ 926,70 $ (incluant la marge du dealer et les co没ts de couverture).
  • Cr茅dit et liquidit茅 : Les paiements d茅pendent de la solvabilit茅 de Morgan Stanley. Les titres ne sont pas cot茅s et le march茅 secondaire peut 锚tre limit茅.

L鈥檕ffre est r茅alis茅e sous les num茅ros d鈥檈nregistrement 333-275587 et 333-275587-01, via le suppl茅ment pr茅liminaire de prix n掳 9 061. Les investisseurs potentiels doivent examiner attentivement les facteurs de risque et les consid茅rations fiscales avant d鈥檌nvestir.

Morgan Stanley Finance LLC, garantiert durch Morgan Stanley, bietet SPX Dual Directional Buffered Participation Securities mit F盲lligkeit am 1. August 2030 an. Die Wertentwicklung des Notes ist an den S&P 500 Index (SPX) gekoppelt und bietet sowohl Aufw盲rtsbeteiligung als auch begrenzten Schutz vor moderaten R眉ckg盲ngen.

  • 础耻蹿飞盲谤迟蝉尘别肠丑补苍颈办: Anleger erhalten 100 % der Indexgewinne, begrenzt durch eine maximale Auszahlung von 147,5 % bis 152,5 % des Kapitals (ca. 1.475鈥�1.525 $).
  • 础产飞盲谤迟蝉尘别肠丑补苍颈办: Ein 20 % Puffer absorbiert die ersten 20 % der Indexverluste. Innerhalb dieses Bereichs zahlt die Note einen Betrag in H枚he der absoluten Rendite (z. B. 鈥�10 % SPX = +10 % Auszahlung). Verluste 眉ber 鈥�20 % werden im Verh盲ltnis 1:1 getragen, bis zu einem maximalen Verlust von 80 %.
  • Wichtige Termine: Preisfestsetzung 28.07.2025, Einzelbeobachtung 29.07.2030, F盲lligkeit 01.08.2030.
  • Ausgabepreis: 1.000 $; gesch盲tzter Wert: ca. 926,70 $ (ber眉cksichtigt H盲ndleraufschlag und Absicherungskosten).
  • Kredit- & Liquidit盲tsrisiko: Zahlungen h盲ngen von der Kreditw眉rdigkeit von Morgan Stanley ab. Die Wertpapiere sind nicht b枚rsennotiert und der Sekund盲rhandel kann eingeschr盲nkt sein.

Das Angebot erfolgt unter den Registrierungsnummern 333-275587 und 333-275587-01 mittels vorl盲ufigem Preiszusatz Nr. 9.061. Potenzielle Anleger sollten die detaillierten Risikofaktoren und steuerlichen Aspekte vor einer Investition sorgf盲ltig pr眉fen.

Positive
  • 20% downside buffer offers partial principal protection against moderate market drops.
  • 100% upside and absolute return participation provide potential gains in both modestly positive and modestly negative SPX scenarios.
  • Credit support from Morgan Stanley, an A-rated global bank, underpins payment obligations.
Negative
  • Upside cap of ~47.5%鈥�52.5% limits participation in strong bull markets.
  • No periodic interest payments; investors rely solely on maturity value.
  • Estimated value 7.3% below issue price reflects significant embedded costs.
  • Unlisted security may suffer from poor liquidity and wide bid-ask spreads.
  • Full downside beyond 鈥�20% exposes investors to up to 80% loss of principal.

Insights

TL;DR Neutral impact; routine launch of capped-upside, buffered SPX note with standard MS credit risk and 20% downside cushion.

The note is a typical dual-directional buffered structure: it provides full upside participation subject to a cap (鈮堚��47.5%鈥�52.5%), and converts moderate declines into positive returns via the absolute return feature up to the 20% buffer. Beyond that, investors face linear downside exposure. Estimated value at 92.7% of issue price implies an embedded fee of roughly 7.3%, in line with peer offerings. Credit exposure is to Morgan Stanley, rated A-/A1; no new information changes the credit profile. Because issuance size is not disclosed and these notes are ordinarily hedged delta-neutral, the impact on Morgan Stanley鈥檚 earnings and capital is immaterial. From an investor standpoint, attractiveness hinges on market view of SPX range-bound moves and tolerance for illiquidity. The product may suit tactically bullish or moderately bearish investors seeking defined outcomes, but opportunity cost versus direct index exposure and fee drag are notable.

Morgan Stanley Finance LLC, garantita da Morgan Stanley, sta promuovendo i SPX Dual Directional Buffered Participation Securities con scadenza il 1 agosto 2030. La performance del titolo 猫 collegata al Indice S&P 500 (SPX) e offre sia partecipazione al rialzo che protezione limitata contro cali moderati.

  • Meccanismo di rialzo: Gli investitori ricevono il 100% di qualsiasi guadagno dell'indice, con un pagamento massimo compreso tra il 147,5% e il 152,5% del capitale (circa 1.475鈥�1.525 $).
  • Meccanismo di ribasso: Un buffer del 20% assorbe le prime perdite dell'indice fino al 20%. In questo intervallo, il titolo corrisponde un importo pari al rendimento assoluto (ad esempio, 鈥�10% SPX = +10% pagamento). Le perdite oltre il 鈥�20% sono a carico dell鈥檌nvestitore in un rapporto 1 a 1, fino a una perdita massima dell鈥�80%.
  • Date chiave: Prezzo 28/07/2025, osservazione unica 29/07/2030, scadenza 01/08/2030.
  • Prezzo di emissione: 1.000 $; valore stimato: circa 926,70 $ (include margine del dealer e costi di copertura).
  • Credito e liquidit脿: I pagamenti dipendono dalla solidit脿 creditizia di Morgan Stanley. I titoli non sono quotati e il trading secondario potrebbe essere limitato.

L鈥檕fferta 猫 effettuata ai sensi dei Registri n. 333-275587 e 333-275587-01, tramite il supplemento preliminare di prezzo n. 9.061. Gli investitori potenziali devono esaminare attentamente i fattori di rischio e le considerazioni fiscali prima di investire.

Morgan Stanley Finance LLC, garantizada por Morgan Stanley, est谩 comercializando los SPX Dual Directional Buffered Participation Securities con vencimiento el 1 de agosto de 2030. El rendimiento del bono est谩 vinculado al 脥ndice S&P 500 (SPX) y ofrece participaci贸n al alza junto con protecci贸n limitada contra ca铆das moderadas.

  • Mec谩nica al alza: Los inversores reciben el 100% de cualquier ganancia del 铆ndice, con un pago m谩ximo entre el 147.5% y 152.5% del principal (aproximadamente $1,475鈥�$1,525).
  • Mec谩nica a la baja: Un amortiguador del 20% absorbe las primeras p茅rdidas del 铆ndice hasta el 20%. Dentro de este rango, el bono paga un monto igual al rendimiento absoluto (por ejemplo, 鈥�10% SPX = +10% pago). Las p茅rdidas que excedan el 鈥�20% se asumen 1 a 1, hasta una p茅rdida m谩xima del 80%.
  • Fechas clave: Precio 28/07/2025, observaci贸n 煤nica 29/07/2030, vencimiento 01/08/2030.
  • Precio de emisi贸n: $1,000; valor estimado: aproximadamente $926.70 (incluye margen del distribuidor y costos de cobertura).
  • Cr茅dito y liquidez: Los pagos dependen del cr茅dito de Morgan Stanley. Los valores no est谩n listados y el comercio secundario puede ser limitado.

La oferta se realiza bajo los registros No. 333-275587 y 333-275587-01, mediante el suplemento preliminar de precio No. 9,061. Los inversores potenciales deben revisar detenidamente los factores de riesgo y consideraciones fiscales antes de invertir.

Morgan Stanley Finance LLC電� Morgan Stanley鞚� 氤挫鞚� 氚涭晞 SPX Dual Directional Buffered Participation Securities毳� 2030雲� 8鞗� 1鞚� 毵岅赴搿� 韺愲Г頃橁碃 鞛堨姷雼堧嫟. 鞚� 雲疙姼鞚� 靹标臣電� S&P 500 歆�靾�(SPX)鞐� 鞐半彊霅橂┌, 靸侅姽 彀胳棳鞕� 欷戧皠 鞝曤弰 頃橂澖鞐� 雽�頃� 鞝滍暅霅� 氤错樃毳� 鞝滉车頃╇媹雼�.

  • 靸侅姽 氅旍护雼堨: 韴瀽鞛愲姅 歆�靾� 靸侅姽攵勳潣 100%毳� 氚涭溂氅�, 鞗愱笀鞚� 147.5%~152.5%旯岇 斓滊寑 歆�旮� 頃滊弰臧� 鞛堨姷雼堧嫟 (鞎� $1,475~$1,525).
  • 頃橂澖 氅旍护雼堨: 20% 氩勴嵓臧� 斓滌磮 20% 歆�靾� 靻愳嫟鞚� 頋§垬頃╇媹雼�. 鞚� 氩旍渼 雮挫棎靹滊姅 雲疙姼臧� 鞝堧寑 靾橃澋毳犾棎 頃措嫻頃橂姅 旮堨暋鞚� 歆�旮夗暕雼堧嫟 (鞓�: 鈥�10% SPX = +10% 歆�旮�). 鈥�20%毳� 齑堦臣頃橂姅 靻愳嫟鞚� 1雽�1 牍勳湪搿� 韴瀽鞛愱皜 攵�雼错晿氅� 斓滊寑 80% 靻愳嫟旯岇 臧�電ロ暕雼堧嫟.
  • 欤检殧 鞚检爼: 臧�瓴� 毂呾爼 2025雲� 7鞗� 28鞚�, 雼澕 甏�旄� 2030雲� 7鞗� 29鞚�, 毵岅赴 2030雲� 8鞗� 1鞚�.
  • 氚滍枆 臧�瓴�: $1,000; 於旍爼 臧�旃�: 鞎� $926.70 (霐滊煬 毵堨 氚� 項れ 牍勳毄 韽暔).
  • 鞁犾毄 氚� 鞙犽彊靹�: 歆�旮夓潃 Morgan Stanley鞚� 鞁犾毄霃勳棎 霐半澕 雼澕歆戨媹雼�. 歃濌秾鞚� 牍勳儊鞛ル悩鞏� 鞛堨溂氅�, 2彀� 瓯半灅臧� 鞝滍暅霅� 靾� 鞛堨姷雼堧嫟.

氤� 瓿惦電� 霌彪氩堩樃 333-275587 氚� 333-275587-01鞐� 霐半澕 鞓堧箘 臧�瓴� 氤挫订靹� 氩堩樃 9,061鞚� 韱淀暣 鞚措（鞏挫雼堧嫟. 韴瀽鞛愲姅 韴瀽 鞝� 鞙勴棙 鞖旍唽 氚� 靹鸽 瓿犽牑靷暛鞚� 鞛愳劯頌� 瓴�韱犿暣鞎� 頃╇媹雼�.

Morgan Stanley Finance LLC, garantie par Morgan Stanley, commercialise des SPX Dual Directional Buffered Participation Securities arrivant 脿 茅ch茅ance le 1er ao没t 2030. La performance de la note est li茅e 脿 l'indice S&P 500 (SPX) et offre 脿 la fois une participation 脿 la hausse et une protection limit茅e contre des baisses mod茅r茅es.

  • M茅canisme 脿 la hausse : Les investisseurs re莽oivent 100 % de toute hausse de l鈥檌ndice, plafonn茅e par un paiement maximal de 147,5 % 脿 152,5 % du principal (environ 1 475 脿 1 525 $).
  • M茅canisme 脿 la baisse : Un buffer de 20 % absorbe les premi猫res pertes de l鈥檌ndice jusqu鈥櫭� 20 %. Dans cette fourchette, la note verse un montant 茅gal au rendement absolu (par ex., 鈥�10 % SPX = +10 % de paiement). Les pertes au-del脿 de 鈥�20 % sont support茅es au taux de 1 pour 1, jusqu鈥櫭� une perte maximale de 80 %.
  • Dates cl茅s : Fixation du prix le 28/07/2025, observation unique le 29/07/2030, 茅ch茅ance le 01/08/2030.
  • Prix d鈥櫭﹎ission : 1 000 $ ; valeur estim茅e : environ 926,70 $ (incluant la marge du dealer et les co没ts de couverture).
  • Cr茅dit et liquidit茅 : Les paiements d茅pendent de la solvabilit茅 de Morgan Stanley. Les titres ne sont pas cot茅s et le march茅 secondaire peut 锚tre limit茅.

L鈥檕ffre est r茅alis茅e sous les num茅ros d鈥檈nregistrement 333-275587 et 333-275587-01, via le suppl茅ment pr茅liminaire de prix n掳 9 061. Les investisseurs potentiels doivent examiner attentivement les facteurs de risque et les consid茅rations fiscales avant d鈥檌nvestir.

Morgan Stanley Finance LLC, garantiert durch Morgan Stanley, bietet SPX Dual Directional Buffered Participation Securities mit F盲lligkeit am 1. August 2030 an. Die Wertentwicklung des Notes ist an den S&P 500 Index (SPX) gekoppelt und bietet sowohl Aufw盲rtsbeteiligung als auch begrenzten Schutz vor moderaten R眉ckg盲ngen.

  • 础耻蹿飞盲谤迟蝉尘别肠丑补苍颈办: Anleger erhalten 100 % der Indexgewinne, begrenzt durch eine maximale Auszahlung von 147,5 % bis 152,5 % des Kapitals (ca. 1.475鈥�1.525 $).
  • 础产飞盲谤迟蝉尘别肠丑补苍颈办: Ein 20 % Puffer absorbiert die ersten 20 % der Indexverluste. Innerhalb dieses Bereichs zahlt die Note einen Betrag in H枚he der absoluten Rendite (z. B. 鈥�10 % SPX = +10 % Auszahlung). Verluste 眉ber 鈥�20 % werden im Verh盲ltnis 1:1 getragen, bis zu einem maximalen Verlust von 80 %.
  • Wichtige Termine: Preisfestsetzung 28.07.2025, Einzelbeobachtung 29.07.2030, F盲lligkeit 01.08.2030.
  • Ausgabepreis: 1.000 $; gesch盲tzter Wert: ca. 926,70 $ (ber眉cksichtigt H盲ndleraufschlag und Absicherungskosten).
  • Kredit- & Liquidit盲tsrisiko: Zahlungen h盲ngen von der Kreditw眉rdigkeit von Morgan Stanley ab. Die Wertpapiere sind nicht b枚rsennotiert und der Sekund盲rhandel kann eingeschr盲nkt sein.

Das Angebot erfolgt unter den Registrierungsnummern 333-275587 und 333-275587-01 mittels vorl盲ufigem Preiszusatz Nr. 9.061. Potenzielle Anleger sollten die detaillierten Risikofaktoren und steuerlichen Aspekte vor einer Investition sorgf盲ltig pr眉fen.

0001964789false00019647892025-06-162025-06-16

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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): June 16, 2025

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 June 16, 2025, Hut 8 Mining Corp., a British Columbia corporation (the “Borrower”), a wholly owned subsidiary of Hut 8 Corp. (the “Company”) entered into an amended and restated credit agreement (the “Third Amended and Restated Credit Agreement”) between the Borrower, as borrower, and Coinbase Credit, Inc. (“Coinbase”), as lender, collateral agent, and administrative agent. The Third Amended and Restated Credit Agreement amended and restated the Company’s existing credit agreement with Coinbase, dated as of June 26, 2023 and subsequently amended and restated on January 12, 2024 and June 17, 2024 (the “Second Amended and Restated Credit Agreement”).

The Third Amended and Restated Credit Agreement amends and restates the Second Amended and Restated Credit Agreement to, among other things: (i) extend the final maturity date to June 16, 2026; (ii) increase the principal amount by up to $65,000,000 of additional borrowings, if any, resulting in a total principal amount of up to $130,000,000; (iii) modify the interest rate such that amounts that are borrowed will bear interest at a rate equal to 9.0%; (iv) improve the limited recourse structure as described below; and (v) remove the right for Coinbase to receive an early termination fee for any repayment or prepayment by the Borrower prior to the final maturity date. The remaining material terms in the Third Amended and Restated Credit Agreement, including payment terms and acceleration provisions, remained in line with the terms included in the Second Amended and Restated Credit Agreement.

The funds made available pursuant to the Third Amended and Restated Credit Agreement are expected to be used for general corporate purposes. The Borrower’s obligations under the Third Amended and Restated Credit Agreement are secured by the Borrower’s interest in certain Bitcoin held in the custody of Coinbase Custody Trust Company, LLC (“Coinbase Custody”) and Coinbase’s recourse is limited to such Bitcoin held in the custody of Coinbase Custody. Coinbase Custody will not charge the Borrower any custodial fees for such Bitcoin collateral.

The foregoing description of the Third Amended and Restated Credit Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Third Amended and Restated Credit Agreement, filed as Exhibit 10.1 to this Current Report on Form 8-K.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information set forth under Item 1.01 of this Current Report on Form 8-K is incorporated by reference in this Item 2.03.

Item 5.07 Submission of Matters to a Vote of Security Holders.

On June 18, 2025, the Company held its 2025 Annual Meeting of Stockholders (the “Annual Meeting”) to consider and vote upon five proposals, which are described in greater detail in the Company’s proxy statement filed with the U.S. Securities and Exchange Commission on April 30, 2025 (the “Proxy Statement”). A total of 64,605,942 shares of the Company’s common stock were represented at the Annual Meeting, constituting a quorum for all matters presented at the Annual Meeting. The final voting results are set forth below.

Proposal 1: Election of Directors

The stockholders elected each of the persons named below to serve as directors until the 2026 Annual Meeting of Stockholders and until his or her successor has been duly elected and qualified, or until their earlier death, resignation or removal. The results of such vote were as follows:

​

For

Against

Abstentions

Broker Non-Votes

Joseph Flinn

46,451,582

506,111

156,833

17,491,416

Asher Genoot

46,786,099

176,633

151,794

17,491,416

Michael Ho

46,785,583

173,308

155,635

17,491,416

E. Stanley O’Neal

42,508,955

4,431,168

174,403

17,491,416

2

Carl J. (Rick) Rickertsen

45,839,580

1,116,068

158,878

17,491,416

Mayo A. Shattuck III

45,566,553

1,384,830

163,143

17,491,416

William Tai

42,667,059

4,286,997

160,470

17,491,416

Amy Wilkinson

39,326,194

7,539,979

248,353

17,491,416

​

Proposal 2: Advisory Vote on the Compensation of the Company’s Named Executive Officers

The stockholders approved, on an advisory basis, the compensation of the Company’s named executive officers, as described in the Compensation Discussion and Analysis section and related compensation tables of the Proxy Statement. The results of such vote were as follows:

For

Against

Abstentions

Broker Non-Votes

46,324,595

568,772

221,159

17,491,416

​

Proposal 3: Advisory Vote on the Frequency of Future Advisory Votes on Executive Compensation

The stockholders approved, on an advisory basis, the frequency of future stockholder advisory votes to approve the compensation of the Company’s named executive officers to be every “one year.” The results of such vote were as follows:

One Year

Two Years

Three Years

Abstentions

42,788,889

78,215

4,034,113

213,309

​

Proposal 4: Ratification of the Appointment of the Independent Registered Public Accounting Firm

The stockholders ratified the appointment of KPMG LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2025. The results of such vote were as follows:

For

Against

Abstentions

62,047,443

2,395,793

162,706

​

Proposal 5: Approval of an Amendment to the Hut 8 Corp. 2023 Omnibus Incentive Plan

The stockholders approved the amendment to the Hut 8 Corp. 2023 Omnibus Incentive Plan. The results of such vote were as follows:

For

Against

Abstentions

Broker Non-Votes

43,996,254

2,862,830

255,442

17,491,416

​

No other matters were presented for consideration or stockholder action at the Annual Meeting.

Item 9.01 Financial Statements and Exhibits.

Exhibit No.

Description

 

​

10.1

Third Amended and Restated Credit Agreement, dated as of June 16, 2025, between Hut 8 Mining Corp. and Coinbase Credit, Inc.

​

​

104

Cover Page Interactive Data File (embedded within the Inline XBRL document).

​

​

3

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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: June 23, 2025

​

​

​

​

By: 

/s/ Victor Semah

​

​

Name: 

Victor Semah

​

​

Title:

Chief Legal Officer & Corporate Secretary

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​

​

4

Source:

FAQ

What is the ticker symbol or CUSIP for Morgan Stanley鈥檚 SPX Dual Directional Buffered Securities?

The securities carry CUSIP 61778NBF7; they are not listed on an exchange and have no trading symbol.

How much upside can investors earn on these Morgan Stanley (MS) notes?

Upside is capped at $1,475鈥�$1,525 per $1,000 note, or approximately 47.5%鈥�52.5% total return.

What protection do investors have against SPX declines?

The first 20% of SPX losses is buffered, and within that band the note pays the absolute value of the negative return.

When do these structured notes from Morgan Stanley mature?

The securities mature on August 1, 2030, with a single observation date on July 29, 2030.

Why is the estimated value lower than the $1,000 issue price?

The $926.70 estimated value accounts for dealer margin, structuring and hedging costs, making it lower than the purchase price.
Stock HUT logo
Hut 8 Mining

NASDAQ:HUT

HUT Rankings

#3221 Ranked by Market Cap
N/A Ranked by Dividends
#287 Top Gainer

HUT Latest News

Jul 2, 2025
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HUT Latest SEC Filings

Jun 30, 2025
[8-K] Hut 8 Corp. Reports Material Event
Jun 23, 2025
[Form 4] Hut 8 Corp. Insider Trading Activity
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[Form 4] Hut 8 Corp. Insider Trading Activity
Jun 23, 2025
[Form 4] Hut 8 Corp. Insider Trading Activity
Jun 23, 2025
[Form 4] Hut 8 Corp. Insider Trading Activity

HUT Stock Data

2.01B
49.07M
52.89%
60.71%
9.88%
Capital Markets
Finance Services
United States
MIAMI