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Bitcoin Miner Hut 8 Hits Back At Short Seller’s Pump-And-Dump Allegations

Published by
Benzinga

Bitcoin miner Hut 8 (NASDAQ:HUT) hit out on Wednesday against what it called “false and misleading” claims by an activist short seller regarding the company’s merger with mining peer US Bitcoin Corp (USBTC). J Capital Research unveiled a litany of accusations against the merged companies, including the allegations that USBTC was likely going bankrupt without the merger; Hut 8 paying more than the value of USBTC’s assets; and USBTC’s co-founder and CEO being a “30-year-old used-car salesman whose history is littered with involvement in SEC-defined pump-and-dumps.” “Ultimately,” J Capital allege…

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