The former bitcoin miner denied any wrongdoing related to its 2023 merger with U.S. Bitcoin Corp. Hut 8 agreed to pay $2.35 million to settle an investor suit alleging the company failed to disclose operational issues at a key mining venture acquired through its 2023 merger with U.S. Bitcoin Corp. The deal, which requires court approval, ends a securities class action that followed a share price decline after a critical short-seller report in early 2024. Former bitcoin miner Hut 8 (HUT) agreed…
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