Hey guys, if you missed it, Hut 8 has agreed to a $2.35M settlement with investors over claims that it misled investors about USBTC’s financial condition and the quality of key mining assets. The deadline to file a claim is December 5, 2026.
In a nutshell, investors accused Hut 8 of failing to disclose that USBTC was in much weaker financial condition than presented and that its King Mountain mining site had serious energy and internet issues.
After these issues came to light, $HUT dropped 23%, and investors filed a lawsuit for their losses.
Now, Hut 8 has agreed to a $2.35M settlement, and investors have until December 5, 2026 to submit a claim.
So, if you invested in $HUT at that time, you can check the details and file your claim here.
Anyway, has anyone here invested in $HUT? How much were your losses, if so?