Hut 8 has argued a lawsuit from its shareholders arose “from a short seller’s attempt to obtain a monetary gain on its short position” in the crypto miner.
Bitcoin mining firm Hut 8 Corp has filed a motion to dismiss a class-action lawsuit from its shareholders, which it alleged was spurred on by a short-seller report that claimed the firm overpaid for a company with severe operational issues.
In its Dec. 2 filing to a New York federal court, Hut 8 claimed short-seller J Capital Research engaged in “a campaign to sink Hut 8’s stock for its own gain.”
“This case arises from a short seller’s attempt to obtain a monetary gain on its short position in Hut 8 at the expense of ordinary shareholders,” the crypto miner argued.
