NEW YORK, March 22, 2024 /PRNewswire/ — The Gross Law Firm issues the following notice to shareholders of Hut 8 Corp.
Shareholders who purchased shares of HUT during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to take part in any recovery.
CONTACT US HERE:
CLASS PERIOD: November 9, 2023 to January 18, 2024
ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (1) one of the largest shareholders in US Data Mining Group, Inc. d/b/a US Bitcoins Corp. (“USBTC”), one of the companies that merged to create Hub 8, is an undisclosed related party; (2) one of USBTC’s core assets has historically failed to provide energy and high-speed internet; (3) the profitability of certain USBTC assets were overstated; and (4) as a result of the foregoing, defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
DEADLINE: April 8, 2024 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/hut-8-loss-submission-form/?id=72088&from=4
NEXT STEPS FOR SHAREHOLDERS: