Recent Security Class Actions

Hut 8 Corp. Common Stock (NASDAQ: HUT)

Company Name:Hut 8 Corp. Common Stock
Stock Symbol:NASDAQ: HUT
Class Period Start:02/13/2023
Class Period End (inclusive):01/18/2024
Filing Deadline:04/08/2024

The Complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, the Complaint alleges Defendants failed to disclose to investors: (1) that one of USBTC’s largest shareholders is an undisclosed related party; (2) that USBTC’s core asset has historically failed to provide energy and high-speed internet; (3) that the profitability of certain USBTC assets were overstated; and (4) 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.