Other DebtActive
TZRC Secured Promissory Note
HUT-TZRC
$78.08▲ 1.43%
BTC Holdings
15,679 BTC
Total Debt
$3.66B
Leverage
287.1%
mNAV
6.88x
Outstanding
$49.59M
Issue date
2022-12-06
Principal
—
Coupon
15.25%
Maturity
2027-04-08
Conversion price
—
Terms & Documentation
Terms
- BTC strategy
- No
- Ranking
- Senior secured
- Payment frequency
- None (zero coupon)
- Rate type
- Floating
- Rate reference
- Prime Rate + 12.0%, capped at 15.25%; PIK at issuer option
- Collateral
- First priority security interest in TZRC membership interest; non-recourse to Hut 8 Corp
- Prepayment
- At par without premium or penalty; TZRC distributions applied 100% to principal paydown
Outstanding History
Outstanding history(2)
| As of | Outstanding |
|---|---|
| 2025-12-31 | $49.59M |
| 2025-09-30 | $56.69M |
- 2025-12-31 — $49,589,000
- 2025-09-30 — $56,692,000Note 11. Loans, notes payable, and other financial liabilities