Hut 8 Mining SEC Filings

Hut 8 Corp. reported that it has entered into a definitive share purchase agreement with TransAlta Corporation for the sale of a 310-megawatt portfolio of four natural gas-fired power plants located in Ontario. These plants are owned and operated by Far North Power Corp., an entity formed by Hut 8 and Macquarie Equipment Finance Ltd., a subsidiary of Macquarie Group Limited. The announcement was made through a press release that is attached as an exhibit and incorporated by reference.

Hut 8 Corp. (HUT) disclosed insider equity awards. The company’s Chief Strategy Officer, who also serves as a director, reported two grants of performance stock units (PSUs) on 11/02/2025, each for 505,789 PSUs (Transaction Code: A).

Each PSU represents a contingent right to one share and may be settled in common stock or cash at the issuer’s discretion. Vesting for one award depends on defined value levels for shares of American Bitcoin Corp., a majority-owned subsidiary. Vesting for the other depends on Hut 8 market capitalization. In both cases, vesting can range from 0% to 300% of target based on performance.

The first award’s performance period begins on December 3, 2026 and ends four years after the grant date; the second begins twelve months after grant and also ends four years after grant. Measurement and potential vesting occur quarterly or at the end of the relevant period. Shares received upon vesting must generally be held for two years following the vesting date, unless vested in connection with a change of control.

Hut 8 Corp. (HUT) reported an insider equity grant to its Chief Executive Officer and Director on 11/02/2025. The filing shows 2,339,272 restricted stock units (RSUs) awarded at $0, which convert into one share each upon settlement at the issuer’s discretion in cash, stock, or both. These RSUs vest on January 1, 2029, with a two‑year post‑vesting holding period.

It also reports two target awards of 505,789 performance stock units (PSUs) each at $0. One PSU grant vests based on defined value levels for shares of American Bitcoin Corp. owned by the issuer; the performance period begins on December 3, 2026 and runs four years with quarterly measurements. The second PSU grant vests based on the issuer’s market capitalization, with a performance period beginning twelve months after grant and ending four years after grant, also with quarterly measurements. Both PSU awards can vest from 0% to 300% of target and carry a two‑year post‑vesting holding period.

Hut 8 Corp. furnished an 8-K to announce it issued a press release detailing financial results for the three and nine months ended September 30, 2025. The press release is included as Exhibit 99.1 and incorporated by reference. The information under Item 2.02 and Exhibit 99.1 is being furnished to the SEC and is not deemed “filed” under Section 18 of the Exchange Act.

Hut 8 Corp. reported a profitable Q3 2025, driven by strong Compute activity and gains related to digital assets. Revenue reached $83.5 million (up from $43.7 million a year ago), led by Compute $70.0 million. Operating income was $72.7 million, and net income attributable to Hut 8 Corp. was $50.1 million, with diluted EPS of $0.43.

Total assets rose to $2.69 billion from $1.52 billion at year-end, reflecting larger digital asset balances and property and equipment growth. Cash was $33.5 million. The company showed $1.56 billion of digital assets measured at fair value as of September 30, 2025. Equity increased to $1.65 billion, including impacts from launching American Bitcoin Corp. and its merger with Gryphon, which recorded $151.8 million of goodwill. As of November 3, 2025, shares outstanding were 108,036,632.

Joseph Flinn, a director of Hut 8 Corp. (HUT), reported two open-market sales of common stock on August 27 and August 28, 2025. The Form 4 discloses a sale of 1,500 shares on 08/27/2025 at a price reported as $26.6261 (converted from C$ using the Bank of Canada rate of C$1.3821 = US$1.00) and a sale of 8,500 shares on 08/28/2025 at $26.55.

Following the transactions, the filing reports beneficial ownership of 9,791 shares held directly by Mr. Flinn. The Form 4 is signed by an attorney-in-fact, Victor Semah, on 08/29/2025.

Hut 8 Corp. (HUT) Form 144 notice shows a proposed sale of 8,500 common shares held by the named person, with an aggregate market value of $225,675 based on the filing. The shares were acquired on 08/15/2024 through restricted stock vesting from the issuer and were granted as compensation. The filing lists an approximate sale date of 08/28/2025 on the NASDAQ. The filer also reported a prior sale during the past three months: 11,069 shares sold on 06/23/2025 for gross proceeds of $174,584.70. The notice includes the standard representation that the seller is not aware of undisclosed material adverse information.