Bitcoin Miner Hut 8 Gets Most Merger Conflict Claims Dismissed

Hut 8 Corp., along with current and former executives, are off the hook for several claims that they failed to disclose conflicts related to a merger with US Bitcoin Corp., after a federal judge dismissed most allegations against them.

Judge Victor Marrero tossed the bulk of claims involving misrepresentations about the 2023 merger of the two cryptocurrency mining companies, allowing only one set of allegations related to energy and internet issues at a digital asset mining site part-owned by US Bitcoin Corp. before the deal was completed.

All other claims related to allegedly misleading disclosures were dismissed as inactionable forward-looking ...