checkAd

     373  0 Kommentare The Law Offices of Frank R. Cruz Announces Investigation of Hut 8 Corp. (HUT) on Behalf of Investors

    The Law Offices of Frank R. Cruz announces an investigation of Hut 8 Corp. (“Hut 8” or the “Company”) (NASDAQ: HUT) on behalf of investors concerning the Company’s possible violations of federal securities laws.

    If you are a shareholder who suffered a loss, click here to participate.

    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.

    Follow us for updates on Twitter: twitter.com/FRC_LAW.

    If you purchased Hut 8 securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 2121 Avenue of the Stars, Suite 800, Century City, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.

    Lesen Sie auch

    This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.


    The Hut 8 Stock at the time of publication of the news with a raise of +0,12 % to 8,54CAD on Toronto stock exchange (24. Januar 2024, 22:10 Uhr).

    Diskutieren Sie über die enthaltenen Werte


    Business Wire (engl.)
    0 Follower
    Autor folgen
    RSS-Feed abonnieren

    Weitere Artikel des Autors


    Verfasst von Business Wire (engl.)
    1 im Artikel enthaltener WertIm Artikel enthaltene Werte
    The Law Offices of Frank R. Cruz Announces Investigation of Hut 8 Corp. (HUT) on Behalf of Investors The Law Offices of Frank R. Cruz announces an investigation of Hut 8 Corp. (“Hut 8” or the “Company”) (NASDAQ: HUT) on behalf of investors concerning the Company’s possible violations of federal securities laws. If you are a shareholder who suffered …