Hut 8 reports conversion of Coatue vehicle note into equity

Coatue Tactical Solutions Lending Holdings AIV 3 LP converted the full accreted principal of its Hut 8 note into common stock on May 11, 2026. Accrued interest paid in cash; no note principal remained. This is a debt-to-equity conversion, not a sale, realized investment return or new cash equity financing.