Northern Data AG dismissed allegations of market manipulation after the Bitcoin miner’s share price tumbledover a complaint to prosecutors by Germany’s financial watchdog.
“We are confident that we will clarify the matter in full cooperation with the authorities,” the company said in a statement on its website late Tuesday.
Frankfurt prosecutors confirmed on Monday that they received a criminal complaint from financial regulator BaFin asking for an investigation in connection with an allegedly misleading ad-hoc statement by Northern Data in November 2019.
Since the allegations first surfaced on Oct. 1, Northern Data’s stock has dropped 30%. The shares were ...