Bitcoin mining company Hut 8 has agreed to pay $2.35 million to settle a proposed securities class action brought by investors.
According to Foresight News, The Energy Mag reported that investors alleged Hut 8 overstated the benefits of its 2023 all-stock merger with U.S. Bitcoin Corp.
The complaint also said Hut 8 did not adequately disclose power and network connectivity issues at U.S. Bitcoin Corp.’s King Mountain mining site in Texas.
Hut 8 did not admit wrongdoing or that it caused investor losses.
STOCKS | Hut 8 Agrees to Pay $2.35 Million to Settle Proposed Investor Securities Class Action
2026-06-23 02:55:16
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