HUT Investors Have Opportunity to Lead Hut 8 Corp. Securities Fraud Lawsuit

07.03.24 22:41 Uhr Importer

LOS ANGELES, March 7, 2024 /PRNewswire/ -- Glancy Prongay & Murray LLP ("GPM") announces that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit against Hut 8 Corp. ("Hut 8" or the "Company") (NASDAQ: HUT).

Class Period: November 9, 2023 – January 18, 2024

Lead Plaintiff Deadline:April 8, 2024

If you wish to serve as lead plaintiff of the Hut 8 lawsuit, you can submit your contact information at www.glancylaw.com/cases/Hut-8-Corp/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at shareholders@glancylaw.com to learn more about your rights.

The complaint filed alleges that, throughout the Class Period, Defendants failed to disclose to investors: (1) that one of USBTC's largest shareholders is an undisclosed related party; (2) that USBTC's core asset has historically failed to provide energy and high-speed internet; (3) that the profitability of certain USBTC assets were overstated; and (4) that, 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.

To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to the pending class action lawsuit, please contact Charles Linehan, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to shareholders@glancylaw.com, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

www.glancylaw.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/hut-investors-have-opportunity-to-lead-hut-8-corp-securities-fraud-lawsuit-302083441.html