NEW YORK, Jan. 24, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against Hut 8 Corp. ("HUT" or the "Company") (NASDAQ:HUT) on behalf of HUT stockholders. Our investigation concerns whether HUT has violated the federal securities laws and/or engaged in other unlawful business practices.
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On February 7, 2023, Hut 8 Mining Corp. announced that it was going to merge with U.S. Data Mining Group, Inc. dba US Bitcoin Corp. ("USBTC") in a $655 million all-stock merger of equals transaction and the combined company would be named Hut 8 Corp. The deal closed on November 30, 2023.