Hut 8 Responds to J Capital's Allegations Amid Share Price Drop

The Bitcoin miner refutes 'false and misleading' claims, while a stockholder rights law firm investigates potential claims against the company.

Bitcoin miner Hut 8 has responded to allegations by J Capital Research, calling them 'false and misleading'.
J Capital Research accused Hut 8 of overpaying for the assets of US Bitcoin Corp (USBTC) and alleged that USBTC was likely going bankrupt without the merger.
Hut 8's shares fell by 23.3% on the day of J Capital's report.
Hut 8 maintains that it has a strong balance sheet, holding 9,195 Bitcoin in reserve, with an approximate value of $390 million.
Bragar Eagel & Squire, P.C., a stockholder rights law firm, is investigating potential claims against Hut 8 on behalf of HUT stockholders.