NEW YORK, NY / ACCESSWIRE / February 1, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Hut 8 Corp. ("Hut 8" or "the Company") (NASDAQ:HUT). Investors who purchased Hut 8 securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/HUT.
Investigation Details:
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 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 per share, or 23.3%, to close at $7.12 per share on January 18, 2024.
What's Next?
If you are aware of any facts relating to this investigation or purchased Hut 8 securities, you can assist this investigation by visiting the firm's site: bgandg.com/HUT. You can also contact Peretz Bronstein or his law clerk and client relations manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660.
There is No Cost to You
We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful.
Why Bronstein, Gewirtz & Grossman:
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.
Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Nathanson
332-239-2660 | info@bgandg.com
SOURCE: Bronstein, Gewirtz & Grossman, LLC
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