Hut 8 Corp. agrees TransAlta acquisition of 310 MW Ontario assets

Rhea-AI Filing Summary

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.

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Energy & digital infrastructure analyst

Hut 8 agrees to sell a 310 MW Ontario gas plant portfolio to TransAlta.

Hut 8 Corp. has signed a definitive share purchase agreement with TransAlta Corporation covering a 310-megawatt portfolio of four natural gas-fired power plants in Ontario. These assets are held through Far North Power Corp., which was formed by Hut 8 and Macquarie Equipment Finance Ltd., a subsidiary of Macquarie Group Limited.

The use of a definitive agreement signals that key commercial terms have been agreed between the parties, with TransAlta positioned as the acquirer of the portfolio. The structure via Far North Power Corp. indicates that the transaction focuses on the entity owning and operating the plants rather than on Hut 8 directly, which can have implications for how the deal is executed and accounted for.

The transaction, once completed, would transfer ownership of the 310-megawatt Ontario gas-fired portfolio to TransAlta, potentially changing Hut 8’s exposure to these power-generation assets. Further details on closing conditions, consideration, and strategic impact would typically be found in the accompanying press release or subsequent filings.

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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): November 17, 2025

Hut 8 Corp.
(Exact name of registrant as specified in its charter)

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Delaware	001-41864	92-2056803
(State or other Jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

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1101 Brickell Avenue, Suite 1500, Miami, Florida	33131
(Address of Principal Executive Offices)	(Zip Code)

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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:

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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
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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. ☐

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Item 7.01Other Events.

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On November 17, 2025, Hut 8 Corp., a Delaware corporation (the “Company”), issued a press release (the “Press Release”) announcing that it entered into a definitive share purchase agreement (the “Agreement”) with TransAlta Corporation. Under the Agreement, TransAlta Corporation will acquire the 310-megawatt portfolio of four natural gas-fired power plants in Ontario owned and operated by Far North Power Corp., an entity formed by the Company and Macquarie Equipment Finance Ltd., a subsidiary of Macquarie Group Limited. A copy of the Press Release is furnished herewith as Exhibit 99.1 and is incorporated herein by reference.

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The information included in this Item 7.01 and in the Press Release attached hereto as Exhibit 99.1 is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall any such information or exhibits be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such document.

Item 9.01Financial Statements and Exhibits.

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Exhibit No.	Description.
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99.1	Press Release, dated November 17, 2025
104	Cover Page Interactive Data File (embedded within the Inline XBRL document)

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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.

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​		HUT 8 CORP.
​	​	(Registrant)
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Date: November 17, 2025	​	​
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​	​	By:	/s/ Sean Glennan
​	​	​	Name:	Sean Glennan
​	​	​	Title:	Chief Financial Officer

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FAQ

What did HUT announce in its latest 8-K filing?

HUT 8 Corp. announced that it 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 in Ontario.

Which assets is HUT 8 (HUT) selling to TransAlta Corporation?

HUT 8, through Far North Power Corp., is selling a 310-megawatt portfolio consisting of four natural gas-fired power plants in Ontario to TransAlta Corporation.

What is Far North Power Corp. in the HUT 8 transaction?

Far North Power Corp. is the entity that owns and operates the four Ontario natural gas-fired plants. It was formed by Hut 8 Corp. and Macquarie Equipment Finance Ltd., a subsidiary of Macquarie Group Limited.

Is the agreement between HUT 8 and TransAlta binding?

Yes. HUT 8 describes the arrangement with TransAlta Corporation as a definitive share purchase agreement, indicating that the key terms have been formally agreed between the parties.

Where can investors find more details about HUT 8’s 310 MW asset sale?

Additional details are provided in a press release dated November 17, 2025, which is attached as Exhibit 99.1 and incorporated by reference in the 8-K.

Does the HUT 8 8-K filing include financial statements for this transaction?

The 8-K identifies Exhibit 99.1 as a press release and notes a Cover Page Interactive Data File as Exhibit 104, but does not list separate transaction financial statements in the excerpt provided.