Hut 8 Corp. (HUT) Wednesday morning referred to as final week’s report from JCapital Analysis “a deliberate try to unfold misinformation about Hut 8, its operations, funds, administration practices, and key executives.”
In a press release, Hut 8 unhappy the report was “stuffed with inaccuracies, misrepresented knowledge, speculative claims, and unfounded character assaults.”
The report mentioned that USBTC had a historical past of authorized hassle, had defaulted on a mortgage and paid two authorities fines, one in all which was for committing securities violations.
“We is not going to be derailed by activists who stand to revenue from spreading misinformation and making defamatory character assaults,” mentioned Hut 8 CEO Jaime Leverton. “The quick report is riddled with speculative accusations and misinformation.”
HUT shares to this point have did not bounce since Jan. 18 tumble, closing decrease by 5.3% yesterday to $6.33. Shares are larger by 5.7% premarket alongside a modest bounce within the value of bitcoin.
