HUT - HUT 8 ALERT: Bragar Eagel & Squire P.C. Announces that a Class Action Lawsuit Has Been Filed Against Hut 8 Corp. and Encourages Investors to Contact the Firm | Benzinga
NEW YORK, Feb. 07, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, announces that a class action lawsuit has been filed against Hut 8 Corp. ("Hut 8" or the "Company") (NASDAQ:HUT) in the United States District Court for the Southern District of New York on behalf of all persons and entities who purchased or otherwise acquired Hut 8 securities between November 9, 2023 and January 18, 2024, both dates inclusive (the "Class Period"). Investors have until April 8, 2024 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
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In November 2023, Hut 8 formed following the merger of Hut 8 Mining Corp. ("Legacy Hut") and U.S. Data Mining Group, Inc. d/b/a US Bitcoin Corp. ("USBTC") (the "Merger"). USBTC held a 50% interest in a joint venture bitcoin mining facility, located in King Mountain, Texas (the "King Mountain JV"), which was acquired in the Merger.
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