Bitcoin miner Hut 8 has filed to dismiss a class-action lawsuit from shareholders, claiming it stems from a “short and distort” scheme by J Capital Research. The December motion alleges the short seller aimed to profit by sinking Hut 8’s stock through a report accusing the firm of overpaying for US Bitcoin Corp. (USBTC) and hiding operational issues.
Hut 8 argues the stock has since recovered, surging 300%, and that its statements were protected under “safe harbor provisions.” The firm contends the lawsuit fails to show misrepresentation or actual investor harm, calling for its dismissal with prejudice.
Source: Cointelegraph
