Hut 8 To Pay $2.35 Million To Settle Investor Lawsuit

Hut 8 To Pay $2. 35 Million To Settle Investor Lawsuit Hut 8 To Pay $2. 35 Million To Settle Investor Lawsuit CryptoProwl Tue, June 23, 2026 at 6:28 PM GMT+2 1 min read HUT BTC-USD Hut 8 (NASDAQ: $HUT) has agreed to pay $2.

35 million U. S. to settle a class action lawsuit related to its 2023 merger with U.

S. Bitcoin Corp. The investor lawsuit alleged that Hut 8 misled investors in connection with the all-stock merger that was finalized in November 2023.

Investors claim that Hut 8, which has pivoted to artificial intelligence (A. I. ) data centres, overstated the transaction's benefits while failing to disclose energy curtailment and internet connectivity issues.

More From Cryptoprowl: Ripple, The Company Behind XRP, Is Valued At $50 Billion Eightco Secures $125 Million Investment From Bitmine And ARK Invest, Shares Surge Blockchain Projects Decline 75% As Developers Shift To A. I. Stanley Druckenmiller Says Stablecoins Could Reshape Global Finance New York Stock Exchange Invests $600 Million In Polymarket The lawsuit gained traction after short seller J Capital Research published a critical report in January 2024, prompting a slide of more than 23% in Hut 8's share price.

According to a court filing, the $2. 35 million U. S.

settlement represents 20% of the maximum damages that could have been levied against Hut 8 in a legal verdict against the company. As part of the settlement, Hut 8 denies any wrongdoing or liability. The plaintiffs in the case are not able to refile their lawsuit at a later date.

  HUT stock has risen 662% over the past 12 months to trade at $121. 04 U. S.

per share.