Security Investigation

Hut 8 Corp. (NasdaqGS: HUT)

36 Days left to seek lead plaintiff status.

Company Name:Hut 8 Corp.
Stock Symbol:NasdaqGS: HUT)
Court:Southern District if New York
Class Period Start:11/19/2023
Class Period End (inclusive):01/18/2024
Filing Deadline:04/08/2024

Contact a Lawyer Now

(877) 515-1850

Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until April 8, 2024 to file lead plaintiff applications in a securities class action lawsuit against Hut 8 Corp. (NasdaqGS: HUT).

Hut 8 and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws. 

On January 18, 2024, a report by J Capital Research highlighted many purported misstatements by the Company relating to its merger with U.S. Data Mining Group, Inc., doing business as U.S. Bitcoin Group (USBTC), in November of 2023 including (1) that an “undisclosed related party” was one of the major shareholders of USBTC, (2) that one of USBTC’s core assets, the King Mountain JV, “has historically failed to provide energy and high-speed internet,” and (3) that the Company had misstated certain finances of the King Mountain JV by failing to account for certain interest expenses.

On this news, the price of Hut 8’s shares fell $2.16, or 23.3%, to close at $7.12 per share on January 18, 2024, on unusually heavy trading volume.

If you purchased shares of Hut 8 and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (lewis.kahn@ksfcounsel.com), or fill out the form on this page.

The case is Mayiras v. Hut 8 Corp., et al., No. 24-cv-00904.

Click here to read the first filed complaint.