$2.35 Million Settlement Reached Over Hut 8's Merged US Bitcoin Operations

Hut 8 investors have reached a $2.35 million settlement over claims that the bitcoin miner misled the market about operational problems tied to its 2023 merger with U.S. Bitcoin Corp.

The proposed settlement, filed in the US District Court for the Southern District of New York, would resolve claims on behalf of investors who purchased or acquired Hut 8 securities between February 13, 2023, and January 18, 2024.

Hut 8 has agreed to pay the settlement without admitting wrongdoing. The company denied violating the law or causing losses to investors.