Bronstein, Gewirtz & Grossman LLC announces that Hut 8 investors who suffered significant losses have the opportunity to lead a class action lawsuit!

Bronstein, Gewirtz & Grossman LLC announces that Hut 8 investors who suffered significant losses have the opportunity to lead a class action lawsuit!

New York, February 8, 2024 /PRNewswire/ — Lawyer Announcement — Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Hut 8 Corp. (“Hut 8” or the “Company”) (Nasdaq: HUT) and certain of its officers.

Category definition:

This lawsuit seeks to recover damages for the defendants The alleged one Violations of the Federal Securities Laws on behalf of all persons and entities that purchased or otherwise acquired Hut 8 securities between November 9, 2023 And January 18, 2024, inclusive (“Class Period”). These investors are encouraged to join this case by visiting the company’s website: bgandg.com/HUT.

Case details:

Complaint Allegedly That throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and future prospects. Specifically, Defendants failed to disclose to investors:

(1) that one of USBTC’s largest shareholders is an undisclosed related party;

(2) that USBTC’s underlying assets have historically failed to provide power and high-speed Internet;

(3) that the profitability of certain USBTC assets is overstated; And

(4) that as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

As a result of Defendants’ wrongful acts and omissions, and the sharp decline in the market value of the Company’s securities, investors suffered significant losses and damages.

What then?

A class action lawsuit has already been filed. If you would like to review a copy of the complaint, you can visit the company’s website: bgandg.com/HUT or you can call Peretz Bronstein, Esq. Or the legal clerk and customer relations manager, Yael Nathanson From Bronstein, Gewirtz & Grossman, LLC at 332-239-2660. If you suffer a loss in Hut 8, you even have April 8, 2024To request that the court appoint you as lead plaintiff. Your ability to participate in any recovery does not require that you serve as lead plaintiff.

There is no cost to you

We represent investors in class actions on a contingency fee basis. This means that we will ask the court to reimburse us for out-of-pocket expenses and attorney fees, usually a percentage of the total recovery, only if we are successful.

Why Bronstein, Goertz and Grossman:

Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents securities investors scam Class Actions and Shareholder Derivative Actions. Our firm has recovered hundreds of millions of dollars for investors nationwide.

Lawyer advertisement. Previous results do not guarantee similar results.

communication:

Bronstein, Goertz & Grossman, LLC

Peretz Bronstein or Yael Nathanson

332-239-2660 | (email protected)

SOURCE Bronstein, Goertz & Grossman, LLC

    (tags for translation) Bronstein(R) Goertz & Grossman(R) LLC

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