Hut 8 Corp.
Investors that purchased the Company’s securities and have suffered a loss, please fill in transaction information below, or email to info@portnoylaw.com.
There is no cost or obligation associated with submitting your information. If you are a shareholder who suffered a loss, please submit your contact information and purchase information to participate in the putative class action.
We also encourage you to contact Lesley F. Portnoy of The Portnoy Law Firm, at 310.692.8883, to discuss your rights free of charge. You can also reach us through the firm’s website at www.portnoylaw.com, or by email at info@portnoylaw.com.
If you choose to take no action, you can remain an absent class member.
Joining the case through the Portnoy Law website enables investors to learn about their legal claims and take an active role in recovering their losses.
The Portnoy Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
CONTACT:
Portnoy Law Firm
Lesley F. Portnoy, Esq.,
www.portnoylaw.com
Office: 310.692.8883
1800 Century Park East, Suite 600
Los Angeles, CA 90067
info@portnoylaw.com
The lawsuit states that Hut 8 emerged from the merger between Hut 8 Mining Corp. and U.S. Data Mining Group, Inc., also known as US Bitcoin Corp. (USBTC), in November 2023. The plaintiff claims that during the relevant time frame, the defendants did not inform investors of the following facts: (1) a major shareholder of USBTC was an undisclosed related party; (2) USBTC’s principal asset has a history of not delivering energy or high-speed internet; and (3) the profitability of some of USBTC’s assets was exaggerated. Following the revelation of these details, Hut 8’s share price dropped by $2.16 or 23.3%, ending at $7.12 per share on January 18, 2024.
