Stronghold to Settle Class Action Suit with $4.75M and 25 Bitcoin

Stronghold Digital has agreed to pay $4.75 million in cash and 25 Bitcoin to settle a class action lawsuit alleging it overstated its Bitcoin mining capacity potential during its 2021 initial public offering (IPO). According to a court update on Friday, plaintiffs in the suit filed a memorandum supporting an unopposed motion for preliminary approval […]

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