Hut 8 Executive Compensation (FY25)

Name: Hut 8 (HUT) executive compensation
Creator: Velarion
License: https://intel.velarion.ai/terms

HUT · Executive and director compensation, fiscal 2023 to 2025

Chief executive, fiscal 2025

◇

Asher Genoot

Latest say-on-pay support

June 11, 2026

Chief executive pay ratio

◇

To the median employee

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Data as of November 3, 2026Latest filing (8-K): June 12, 2026

5 filings cited on this page

Method: intel.velarion.ai/methodology

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180 figures on this page: 178 cited to the filing that reported them, 2 calculated from figures it prints. See the citations

Frequently asked questions

Answers drawn from the data on this page.

Who is Hut 8's chief executive and what were they paid?

Asher Genoot was paid $239,909,042 in total compensation as Chief Executive Officer for fiscal 2025. Genoot's total was up from the $10,280,140 reported for fiscal 2024.

What was Hut 8's say-on-pay result?

For fiscal 2025, shareholders backed the say-on-pay proposal with 54.8% of votes cast for or against in favor at the meeting held June 11, 2026.

Which companies are in Hut 8's peer group?

The disclosed peer group names Applied Digital, Cipher Mining, CleanSpark, Couchbase and DigitalOcean Holdings, among others.

What is Hut 8's chief executive pay ratio?

The disclosed chief executive pay ratio for fiscal 2025 is 2,423:1, against median employee compensation of $99,022.

Executive compensation

Every element reported for each named executive officer, by fiscal year.

Fiscal 2023

Officer	Salary	Bonus	Stock awards	Option awards	Non-equity incentive	Pension and deferred earnings	All other compensation	Total
Michael Ho Chief Strategy Officer	◇	—	◇	—	—	—	—	◇
Asher Genoot Chief Executive Officer	◇	—	—	◇	—	—	◇	◇
Joel Block Former Chief Financial Officer (7) Departed during or after this year	◇	—	—	◇	—	—	—	◇
Jaime Leverton Former Chief Executive Officer	◇	—	—	—	—	—	—	◇

Fiscal 2024

Officer	Salary	Bonus	Stock awards	Option awards	Non-equity incentive	Pension and deferred earnings	All other compensation	Total
Asher Genoot Chief Executive Officer	◇	◇	◇	—	—	—	◇	◇
Michael Ho Chief Strategy Officer	◇	◇	◇	—	—	—	◇	◇
Victor Semah Chief Legal Officer & Corporate Secretary	◇	◇	◇	—	—	—	—	◇
Sean Glennan Chief Financial Officer	◇	◇	◇	—	—	—	—	◇
Jaime Leverton Former Chief Executive Officer Departed during or after this year	◇	—	—	—	—	—	◇	◇
Shenif Visram Former Chief Financial Officer Departed during or after this year	◇	◇	—	—	—	—	◇	◇
Aniss Amdiss Former Chief Legal Officer Departed during or after this year	◇	—	—	—	—	—	◇	◇

Fiscal 2025

Officer	Salary	Bonus	Stock awards	Option awards	Non-equity incentive	Pension and deferred earnings	All other compensation	Total
Asher Genoot Chief Executive Officer	◇	◇	◇	—	—	—	◇	◇
Michael Ho Chief Strategy Officer	◇	◇	◇	—	—	—	◇	◇
Victor Semah Chief Legal Officer & Corporate Secretary	◇	◇	◇	—	—	—	—	◇
Sean Glennan Chief Financial Officer	◇	◇	◇	—	—	—	—	◇

A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.

Fiscal 2025

Officer	Award	Grant date	Threshold units	Target units	Units granted	Maximum units	Exercise price	Grant date fair value
Asher Genoot	PSU	◇	◇	◇	—	◇	—	◇
Asher Genoot	PSU	◇	◇	◇	—	◇	—	◇
Asher Genoot	RSU	◇	—	—	◇	—	—	◇
Asher Genoot	RSU	◇	—	—	◇	—	—	◇
Michael Ho	RSU	◇	—	—	◇	—	—	◇
Michael Ho	PSU	◇	◇	◇	—	◇	—	◇
Michael Ho	PSU	◇	◇	◇	—	◇	—	◇
Sean Glennan	RSU	◇	—	—	◇	—	—	◇
Sean Glennan	PSU	◇	◇	◇	—	◇	—	◇
Victor Semah	PSU	◇	◇	◇	—	◇	—	◇
Victor Semah	RSU	◇	—	—	◇	—	—	◇

Fiscal 2024 are included in the PDF.

A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.

As disclosed at fiscal 2025 year end

Officer	Award	Unvested units	Market value of unvested units	Exercise price	Expires
Asher Genoot	RSU	◇	◇	—	—
	RSU	◇	◇	—	—
	RSU	◇	◇	—	—
	RSU	◇	◇	—	—
Michael Ho	RSU	◇	◇	—	—
	RSU	◇	◇	—	—
	RSU	◇	◇	—	—
Victor Semah	RSU	◇	◇	—	—
	RSU	◇	◇	—	—
	RSU	◇	◇	—	—
Sean Glennan	RSU	◇	◇	—	—
	RSU	◇	◇	—	—
	RSU	◇	◇	—	—

A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.

Asher Genoot

Chief Executive Officer · Employment agreement

Severance multiple	◇
Change-in-control multiple	◇
Benefits continuation on change in control	◇
Benefits continuation	◇

Michael Ho

Chief Strategy Officer · Employment agreement

Severance multiple	◇
Severance cash amount	◇
Change-in-control multiple	◇
Benefits continuation	◇

Sean Glennan

Chief Financial Officer · Employment agreement

Severance multiple	◇
Severance cash amount	◇
Change-in-control multiple	◇
Benefits continuation on change in control	◇
Benefits continuation	◇

Victor Semah

Chief Legal Officer & Corporate Secretary · Severance agreement

Severance multiple	◇
Severance cash amount	◇
Change-in-control multiple	◇
Benefits continuation on change in control	◇
Benefits continuation	◇

Director compensation

What each non-employee director was paid.

Fiscal 2025

Director	Fees earned in cash	Stock awards	Option awards	Non-equity incentive	Pension and deferred earnings	All other compensation	Total
Mayo A. Shattuck III	—	◇	—	—	—	—	◇
Joseph Flinn	—	◇	—	—	—	◇	◇
Amy Wilkinson	—	◇	—	—	—	—	◇
William Tai Board chair	—	◇	—	—	—	—	◇
E. Stanley O'Neal	—	◇	—	—	—	—	◇
Carl J. (Rick) Rickertsen	—	◇	—	—	—	—	◇

Asher Genoot and Michael Ho served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.

Earlier years are included in the PDF.

A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.

Board equity retainer	◇
Total board retainer	◇
Board chair premium	◇
Audit committee chair	◇
Audit committee member	◇
Compensation committee chair	◇
Compensation committee member	◇
Nominating and governance chair	◇
Nominating and governance member	◇

Equity is delivered as restricted stock units.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.

Fiscal 2025

Applied Digital APLD
Cipher Mining CIFR
CleanSpark CLSK
Couchbase BASE
DigitalOcean Holdings DOCN
Enfusion ENFN
Fastly FSLY
MARA Holdings MARA
Marqueta symbol not shown
Olo OLO
Plug Power PLUG
Power Integrations POWI
Q2 Holdings QTWO
SolarWinds SWI
Synaptics SYNA
TeraWulf WULF

Say-on-pay history

Shareholder support for the compensation program, by year.

Year	Meeting	Support	Votes for	Votes against	Abstentions
2025	June 11, 2026	=	◇	◇	◇
2024	June 18, 2025	=	◇	◇	◇

Chief executive pay ratio

As calculated and reported by the company.

Ratio

◇

Median employee compensation

◇

Chief executive total compensation

◇

Ask our research desk — $99, 24h, every figure cited to its filing.

Sample answer — “What is the CEO’s total compensation?”

- Asher Genoot (Chief Executive Officer), FY2025 total compensation $239,909,042 (base salary $550,000) [exec_comp, SEC accession 0001104659-26-049711, filed 2026-04-28]

See a complete sample report

What this page does not include

Everything above is a fact Hut 8 disclosed, and it is free. Everything below is our analysis of those facts, and it is not.

Peer benchmarking

Where Hut 8 sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.

Executive Compensation Report — $500

Written compensation analysis

A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.

Executive Compensation Report — $500

Board and governance analysis

Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.

Board Governance Report — $500

Realizable pay

What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.

Velarion Intelligence

Say-on-pay responsiveness

Hut 8 recorded a low support level. The responsiveness analysis covers what the company said it would do, what it did, and how that compares with the companies that recovered their vote.

Responsiveness analysis

Adviser switching and vote outcomes

Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.

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Multiple companies at once

Cross-company views, cohort screens, and data export across the industries we cover. This page is one company; the platform is all of them.

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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.

180 figures on this page: 178 cited to the filing that reported them, 2 calculated from figures it prints.

178 cited to the filing

2 calculated from the filing

Documents cited

8-K, filed June 12, 2026
0001104659-26-073505
DEF 14A, filed April 28, 2026
0001104659-26-049711
CEO Pay Ratio · Non-Employee Director Compensation · Potential Payments upon Termination · Summary Compensation Table
8-K, filed June 23, 2025
0001558370-25-008803
DEF 14A, filed April 30, 2025
0001558370-25-005913
DEF 14A, filed April 26, 2024
0001558370-24-005913

Cite this data

This page is free to cite. Attribution we ask for:

Velarion, “Hut 8 executive compensation, FY2023–FY2025.” https://intel.velarion.ai/comp/HUT (accessed 2026).

Short form: data: Velarion

The paid brief for Hut 8

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.

From $500 for the board report; $900 for both.

Get the executive brief Get the board briefNo account needed.

5 filings cited on this page

Method: intel.velarion.ai/methodology

A report that fails to generate is refunded in full

Published by Velarion Company Intelligence

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Peers Hut 8 discloses

The companies named in HUT's own disclosed peer group.

Applied Digital Cipher Mining CleanSpark Couchbase DigitalOcean Holdings Enfusion Fastly MARA Holdings Olo Plug Power Power Integrations Q2 Holdings SolarWinds Synaptics TeraWulf

Terms on this page

Say-on-Pay Vote CEO Pay Ratio Median Employee Compensation All companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data

APA

Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854

BibTeX

@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}

More on Hut 8

Frequently asked questions

Executive compensation

Equity awards granted

Outstanding awards

Severance and change in control

Director compensation

Director fee schedule

Disclosed peer group

Say-on-pay history

Chief executive pay ratio

What this page does not include

Citations

Documents cited

The paid brief for Hut 8

Peers Hut 8 discloses

Terms on this page