Investors who lost money with shares of Hut 8 Corp. (NASDAQ: HUT) should contact the Shareholders Foundation in connection with a filed Lawsuit

An investor, who purchased shares of Hut 8 Corp. (NASDAQ: HUT), filed a lawsuit over alleged violations of Federal Securities Laws by Hut 8 Corp. (NASDAQ: HUT in connection with certain allegedly false and misleading statements.

Investors who purchased shares of Hut 8 Corp. (NASDAQ: HUT) have certain options and for certain investors are short and strict deadlines running. Deadline: April 09, 2024. NASDAQ: HUT investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

Miami, FL based Hut 8 Corp. provides digital asset mining and high-performance computing infrastructure solutions in Canada.

On November 30, 2023, Hut 8 Mining Corp. merged with U.S. Data Mining Group, Inc. dba US Bitcoin Corp. ("USBTC"), and the combined company was named Hut 8 Corp.
On January 18, 2024, J Capital Research published a report alleging, among other things, that USBTC is "backed by promoters with a history of legal trouble," has an "undisclosed related party" as one of its largest shareholders, and that its core asset "has historically failed to provide energy and high-speed internet." The report further claimed that, without the merger with Hut 8, USBTC "would have done a structured bankruptcy," estimating that its value is as much as 70% less than the $745 million that Hut 8 paid to acquire it.

Shares of Hut 8 Corp. (NASDAQ: HUT) declined from $13.00 per share on November 09, 2023, to as low as $6.18 per share on January 19, 2024.

The plaintiff claims that between November 9, 2023 and January 18, 2024, the Defendants failed to disclose to investors that one of USBTC's largest shareholders is an undisclosed related party, that USBTC's core asset has historically failed to provide energy and high-speed internet, that the profitability of certain USBTC assets were overstated, and that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis

Those who purchased shares of Hut 8 Corp. (NASDAQ: HUT) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.