Skip to Content

Hut 8 Corp.

Company NameHut 8 Corp.
Stock SymbolHUT

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.

On this news, Hut 8’s stock price fell $2.16, or 23.3%, to close at $7.12 per share on January 18, 2024, thereby injuring investors.

Submit Your Information

If you suffered a loss on your Hut 8 Corp. investments or would like to inquire about joining an action to recover your loss under the federal securities laws, please complete the form below. Please note that submission of this form does not by itself form an attorney-client relationship nor does filing out this form mean you have joined any lawsuit.

Shares Purchased

Number of SharesBuy DatePrice Per ShareAdd

Shares Sold

Number of SharesSell DatePrice Per ShareAdd