INVESTOR ALERT: Berger Montague Advises HUT 8 CORP. (HUT) Investors to Inquire About a Securities Fraud Class Action by April 8, 2024

Philadelphia, Pennsylvania--(Newsfile Corp. - March 27, 2024) - A securities fraud lawsuit has been filed against Hut 8 Corp. ("Hut 8") (NASDAQ: HUT). The lawsuit is captioned Mayiras v. Hut 8 Corp., et al., No. 1:24-cv-00904 (S.D.N.Y.), and is filed on behalf of purchasers of Hut 8's securities between November 9, 2023 and January 18, 2024, inclusive (the "Class Period").

CLICK HERE TO LEARN MORE ABOUT THIS LAWSUIT.

Investors who purchased or acquired Hut 8 securities during the Class Period may, no later than April 8, 2024, seek to be appointed as a lead plaintiff representative of the class.

The complaint alleges that, throughout the Class Period, the defendants made false and/or misleading statements and/or failed to disclose that: (1) one of the largest shareholders of U.S. Data Mining Group, Inc. d/b/a US Bitcoin Corp. ("USBTC"), a company acquired by Hut 8, is an undisclosed related party; (2) the King Mountain JV, the core asset of USBTC, has historically failed to provide energy and high-speed internet; and (3) the profitability of certain USBTC assets were overstated.

For additional information or to learn how to participate in this litigation, please contact Berger Montague: James Maro at jmaro@bm.net or (267) 637-3176, or Andrew Abramowitz at aabramowitz@bm.net or (215) 875-3015 or CLICK HERE.

A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. The lead plaintiff is usually the investor or small group of investors who have the largest financial interest and who are also adequate and typical of the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and the class and these attorneys, if approved by the court, are lead or class counsel. Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. Communicating with any counsel is not necessary to participate or share in any recovery achieved in this case. Any member of the purported class may move the Court to serve as a lead plaintiff through counsel of his/her choice, or may choose to do nothing and remain an inactive class member.

Berger Montague, with offices in Philadelphia, Minneapolis, Delaware, Washington, D.C., San Diego, San Francisco and Chicago, has been a pioneer in securities class action litigation since its founding in 1970. Berger Montague has represented individual and institutional investors for over five decades and serves as lead counsel in courts throughout the United States.

Contacts:
James Maro, Senior Counsel
Berger Montague
(267) 637-3176
jmaro@bm.net

Andrew Abramowitz, Senior Counsel
Berger Montague
(215) 875-3015
aabramowitz@bm.net

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/203260