Hut 8 Corp 8-K, filed Sep 28, 2026

Hut 8 Corp. (HUT)

8-K 2026-09-28 For: 2026-09-24

Added on September 28, 2026

About this 8-K

Hut 8 Corp filed this 8-K on September 28, 2026, reporting on events of September 24, 2026.

Hut 8 Corp. entered a senior secured revolving credit facility with JPMorgan Chase Bank, N.A. on September 24, 2026, providing up to $1,070.0 million outstanding; no amounts were borrowed at closing, and borrowings remain available until the fourth anniversary. AI summary

Items reported

Item 1.01: Entered into a material agreement
Item 2.03: New debt or off-balance-sheet obligation
Item 7.01: Regulation FD disclosure
Item 9.01: Financial statements and exhibits

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

777 Brickell Avenue, Suite 200, Miami, Florida		33131
(Address of Principal Executive Offices)		(Zip Code)

¨	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))

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, par value $0.01 per share	HUT	The Nasdaq Stock Market LLC

Exhibit No.		Description
10.1		Credit Agreement, dated as of September 24, 2026, among Hut 8 Corp., as borrower, each issuing bank and lender party thereto from time to time, and JPMorgan Chase Bank, N.A., as administrative agent and as collateral agent.
99.1		Press release, dated September 28, 2026
104		Cover Page Interactive Data File (embedded within the Inline XBRL document).

	Hut 8 Corp.

Dated: September 28, 2026	By:	/s/ Victor Semah
	Name:	Victor Semah
	Title:	Chief Legal Officer

ARTICLE I
Definitions

Section 1.01	Defined Terms	1
Section 1.02	Terms Generally; GAAP	42
Section 1.03	[Reserved]	43
Section 1.04	Timing of Payment or Performance	43
Section 1.05	Times of Day	43
Section 1.06	Classification of Loans and Borrowings	43
Section 1.07	Certain Conditions, Calculations and Tests	43
Section 1.08	Interest Rates; Benchmark Notification	45
Section 1.09	Exchange Rates; Currency Equivalents	45
Section 1.10	Divisions	46
Section 1.11	Designated Project Entities	46

ARTICLE II
The Credits

Section 2.01	Commitments	46
Section 2.02	Loans and Borrowings	47
Section 2.03	Requests for Borrowings	47
Section 2.04	[Reserved]	48
Section 2.05	Letters of Credit	48
Section 2.06	Funding of Borrowings	52
Section 2.07	Interest Elections	52
Section 2.08	Termination and Reduction of Commitments	53
Section 2.09	Evidence of Debt	54
Section 2.10	Repayment of Loans	54
Section 2.11	Prepayment of Loans	55
Section 2.12	Fees	55
Section 2.13	Interest	56
Section 2.14	Alternative Rate of Interest	57
Section 2.15	Increased Costs	59
Section 2.16	Break Funding Payments	60
Section 2.17	Taxes	60
Section 2.18	Payments Generally; Pro Rata Treatment; Sharing of Set-offs	63
Section 2.19	Mitigation Obligations; Replacement of Lenders	65
Section 2.20	Illegality	66
Section 2.21	Incremental Commitments	66
Section 2.22	Extensions of Loans and Commitments	68
Section 2.23	Refinancing Amendments	69
Section 2.24	Defaulting Lender	70

ARTICLE III
Representations and Warranties

Section 3.01	Organization; Powers	72
Section 3.02	Authorization	72
Section 3.03	Enforceability	73
Section 3.04	Governmental Approvals	73
Section 3.05	Financial Statements	73

Section 3.05	Financial Statements	73
Section 3.06	No Material Adverse Effect	73
Section 3.07	Title to Properties; Possession under Leases	73
Section 3.08	[Reserved]	73
Section 3.09	Litigation; Compliance with Laws	73
Section 3.10	Federal Reserve Regulations	74
Section 3.11	Investment Company Act	74
Section 3.12	Use of Proceeds	74
Section 3.13	Tax Returns	74
Section 3.14	No Material Misstatements	74
Section 3.15	Employee Benefit Plans	75
Section 3.16	Environmental Matters	75
Section 3.17	Security Documents	75
Section 3.18	Solvency	75
Section 3.19	Labor Matters	76
Section 3.20	[Reserved]	76
Section 3.21	Intellectual Property; Licenses, Etc	76
Section 3.22	USA PATRIOT Act	76
Section 3.23	Anti-Corruption Laws and Sanctions	76

ARTICLE IV
Conditions of Lending

Section 4.01	Closing Date	76
Section 4.02	Subsequent Credit Events	78
Section 4.03	Determinations under Section 4.01	78

ARTICLE V
Affirmative Covenants

Section 5.01	Existence; Business and Properties	79
Section 5.02	Insurance	79
Section 5.03	Taxes	80
Section 5.04	Financial Statements, Reports, Etc	80
Section 5.05	Other Notices	82
Section 5.06	Compliance with Laws	82
Section 5.07	Maintaining Records; Access to Properties and Inspections	82
Section 5.08	Use of Proceeds	82
Section 5.09	[Reserved]	82
Section 5.10	Additional Security; Notice of Name Change; Further Assurances	82
Section 5.11	[Reserved]	84
Section 5.12	Restricted and Unrestricted Subsidiaries; Material Assets	84
Section 5.13	Anti-Corruption Laws and Sanctions	84
Section 5.14	Post-Closing	84

ARTICLE VI
Negative Covenants

Section 6.02	Liens	88
Section 6.03	Asset Sales	92
Section 6.04	Investments, Loans and Advances	92
Section 6.05	Mergers and Fundamental Changes	95
Section 6.06	Restricted Payments	96
Section 6.07	[Reserved]	98
Section 6.08	Restrictions on Subsidiary Distributions and Negative Pledge Clauses	98

Section 6.09	Financial Covenant	100
Section 6.10	Transactions with Affiliates	100

ARTICLE VII
Events of Default

Section 7.01	Events of Default	102

ARTICLE VIII
The Administrative Agent and Other Agents

Section 8.01	Appointment	104
Section 8.02	Delegation of Duties	105
Section 8.03	Exculpatory Provisions	105
Section 8.04	Reliance by the Agents	106
Section 8.05	Notice of Default	106
Section 8.06	Non-Reliance on the Agents, Arrangers and Other Lenders	107
Section 8.07	Indemnification	108
Section 8.08	Agents in Their Individual Capacity	108
Section 8.09	Successor Administrative Agent	108
Section 8.10	Arrangers, Etc	109
Section 8.11	Security Documents and Agents	109
Section 8.12	Right to Realize on Collateral and Enforce Guarantees	110
Section 8.13	Withholding Tax	111
Section 8.14	Certain ERISA Matters	111
Section 8.15	Erroneous Payments	112
Section 8.16	Borrower Communications	113

ARTICLE IX
Miscellaneous

Section 9.01	Notices; Communications	114
Section 9.02	Survival of Agreement	114
Section 9.03	Binding Effect	114
Section 9.04	Successors and Assigns	115
Section 9.05	Expenses; Indemnity	119
Section 9.06	Right of Set-off	120
Section 9.07	Applicable Law	121
Section 9.08	Waivers; Amendment	121
Section 9.09	Interest Rate Limitation	123
Section 9.10	Entire Agreement	123
Section 9.11	WAIVER OF JURY TRIAL	123
Section 9.12	Severability	124
Section 9.13	Counterparts; Electronic Execution	124
Section 9.14	Headings	124
Section 9.15	Jurisdiction; Consent to Service of Process	124
Section 9.16	Confidentiality	125
Section 9.17	Release of Liens and Guarantees	126
Section 9.18	USA PATRIOT Act	128
Section 9.19	Agency of the Borrower for the Loan Parties	128
Section 9.20	No Liability of the Issuing Banks	128
Section 9.21	Judgment Currency	128
Section 9.22	Acknowledgment and Consent to Bail-In of Affected Financial Institutions	129
Section 9.23	Acknowledgment Regarding Any Supported QFCs	129
Section 9.24	No Advisory or Fiduciary Responsibility	129

Exhibit A	Form of Assignment and Acceptance
Exhibit D	Form of Note
Exhibit E-1	U.S. Tax Certificate (For Non-U.S. Lenders that are not Partnerships for U.S. Federal Income Tax Purposes)
Exhibit E-2	U.S. Tax Certificate (For Non-U.S. Lenders that are Partnerships for U.S. Federal Income Tax Purposes)
Exhibit E-3	U.S. Tax Certificate (For Non-U.S. Participants that are not Partnerships for U.S. Federal Income Tax Purposes)
Exhibit E-4	U.S. Tax Certificate (For Non-U.S. Participants that are Partnerships for U.S. Federal Income Tax Purposes)
Exhibit F	Form of Guarantee Agreement
Exhibit G	Form of Compliance Certificate
Exhibit H	Form of Perfection Certificate
Exhibit I	Form of Collateral Agreement

Schedule 1.01A	Letter of Credit Individual Sublimits
Schedule 1.01B	Unrestricted Subsidiaries
Schedule 1.01C	Designated Project Entities
Schedule 2.01	Commitments
Schedule 3.04	Governmental Approvals
Schedule 3.09	Existing Litigation
Schedule 3.21	Intellectual Property; Licenses, Etc.
Schedule 5.14	Post-Closing Actions
Schedule 6.01	Indebtedness
Schedule 6.02	Liens
Schedule 6.04	Investments
Schedule 6.10	Transactions with Affiliates
Schedule 9.01	Notice Information

Applicable Margin
Pricing Level	Consolidated Total Debt to Market Capitalization Ratio	Term SOFR Loans	ABR Loans
1	< 0.60:1.00	1.50%	0.50%
2	> 0.60:1.00 but < 1.00:1.00	1.75%	0.75%
3	> 1.00:1.00	2.00%	1.00%

	HUT 8 CORP., as Borrower

	By:	/s/ Sean Glennan
		Name: Sean Glennan
		Title: Chief Financial Officer

	JPMORGAN CHASE BANK, N.A., as Administrative Agent and as Collateral Agent

	By:	/s/ Rochan Maheshwari
		Name: Rochan Maheshwari
		Title: Executive Director

	JPMORGAN CHASE BANK, N.A., as a Lender and an Issuing Bank

	By:	/s/ Rochan Maheshwari
		Name: Rochan Maheshwari
		Title: Executive Director

	CITIBANK, N.A., as a Lender and an Issuing Bank

	By:	/s/Keith Lukasavich
		Name: Keith Lukasavich
		Title: Vice President & Managing Director

	GOLDMAN SACHS LENDING PARTNERS LLC, as a Lender and an Issuing Bank

	By:	/s/ Jonathan Dworkin
		Name: Jonathan Dworkin
		Title: Authorized Signatory

	MORGAN STANLEY SENIOR FUNDING, INC., as a Lender and an Issuing Bank

	By:	/s/ Michael King
		Name: Michael King
		Title: Vice President

	MIZUHO BANK, LTD., as a Lender and an Issuing Bank

	By:	/s/ Tracy Rahn
		Name: Tracy Rahn
		Title: Managing Director

	MUFG Bank, Ltd., as a Lender and an Issuing Bank

	By:	/s/ Noreen Lee
		Name: Noreen Lee
		Title: Director

	Bank of America, N.A., as a Lender and an Issuing Bank

	By:	/s/ Jason Zilewicz
		Name: Jason Zilewicz
		Title: Director

	THE TORONTO-DOMINION BANK, NEW YORK BRANCH, as a Lender and an Issuing Bank

	By:	/s/ Doug Jenks
		Name: Doug Jenks
		Title: Authorized Signatory

	Wells Fargo Bank, N.A., as a Lender and an Issuing Bank

	By:	/s/ Paul Ingersoll
		Name: Paul Ingersoll
		Title: Managing Director

	BANCO SANTANDER, S.A., NEW YORK BRANCH, as a Lender and an Issuing Bank

	By:	/s/ Andrew Maletta
		Name: Andrew Maletta
		Title: Authorized Signatory

	By:	/s/ Ryan Peters
		Name: Ryan Peters
		Title: Authorized Signatory

	CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK, as a Lender and an Issuing Bank

	By:	/s/ Guillaume Collet
		Name: Guillaume Collet
		Title: Director

	By:	/s/ Ryan Peters
		Name: Gordon Yip
		Title: Director

	Citizens Bank, N.A., as a Lender and an Issuing Bank

	By:	/s/ Jeffrey Siatti
		Name: Jeffrey Siatti
		Title: Vice President