HUT 8 SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Reminds Investors with Losses in Excess of $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Hut 8 Corp. - HUT

NEW ORLEANS, March 29, 2024

What You May Do

If you purchased shares of Hut 8 and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (lewis.kahn@ksfcounsel.com), or visit https://www.ksfcounsel.com/cases/nasdaqgs-hut/ to learn more. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by April 8, 2024.

About the Lawsuit

Hut 8 and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws. 

On January 18, 2024, a report by J Capital Research highlighted many purported misstatements by the Company relating to its merger with U.S. Data Mining Group, Inc., doing business as U.S. Bitcoin Group (USBTC), in November of 2023 including (1) that an "undisclosed related party" was one of the major shareholders of USBTC, (2) that one of USBTC's core assets, the King Mountain JV, "has historically failed to provide energy and high-speed internet," and (3) that the Company had misstated certain finances of the King Mountain JV by failing to account for certain interest expenses.