SAN DIEGO, March 21, 2024 (GLOBE NEWSWIRE) — [Robbins LLP](https://www.globenewswire.com/Tracker?data=aRWCWQY6TlHUTCnV_V_FhT1_eq9l_gq30ONd7jNMtBrG7aeLDw6hKq8Hz0fI3iOt54drkZHWBr50XgI7BsZW99HeyK4Hwn7Ow8lVGt0-EoQ=) reminds investors that a shareholder filed a second class action on behalf of all persons and entities that purchased or otherwise acquired Hut 8 Corp.(NASDAQ: HUT) securities between November 9, 2023 and January 18, 2024.Hut 8 is a crypto currency and data mining company.The Company is engaged in Bitcoin mining and hosting, managed services, energy arbitrage, and operating traditional data centers.For more information, submit a [form](https://www.globenewswire.com/Tracker?data=v3RM69Tsp_1ySdeT6KGdD8HX2SdzGPl_hmwdENAOlnofDBdWm55g75eTUFPwd66IM5hmKH9IFqllSd3KV9CoNw==), The Allegations: According to the complaint, Hut 8 formed following the November 2023 merger of Hut 8 Mining Corp.and U.S.Data Mining Group, Inc.d/b/a US Bitcoin Corp.
(“USBTC”).Plaintiff alleges that during the class period, defendants failed to disclose to investors: (1) that one of USBTC’s largest shareholders is an undisclosed related party; (2) that USBTC’s core asset has historically failed to provide energy and high-speed internet; and (3) that the profitability of certain USBTC assets were overstated.Upon disclosure of this information, Hut 8’s stock price fell $2.16, or 23.3%, to close at $7.12 per share on January 18, 2024.What Now: You may be eligible to participate in the class action against Hut 8 Corp.
Shareholders who want to serve as lead plaintiff for the class must file their papers with the court by April 8, 2024.A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation.You do not have to participate in the case to be eligible for a recovery.If you choose to take no action, you can remain an absent class member.For more information, click [here](https://www.globenewswire.com/Tracker?data=3HhReNuZHn8yc6gMuw_qF-LK9L2zZG8C2HFSqAqH_yV0A2VM8iVDCpqjl3MU4U1j9GEBdzg03NMSf0pO_tHQwQ==).All representation is on a contingency fee basis.
Shareholders pay no fees or expenses.About Robbins LLP: Some law firms issuing releases about this matter do not actually litigate securities class actions; Robbins LLP does.A recognized leader in shareholder rights litigation, the attorneys and staff of [ Robbins LLP](https://www.globenewswire.com/Tracker?data=GoaloLF_ov-8mOhr66IFsHFFAHOS_sifhDvKqMOzdG8pHA-O6CPfJa3AEfsfgYxq0gIescg2tR0zzRVATAKRvA==) have been dedicated to helping shareholders recover losses, improve corporate governance structures, and hold company executives accountable for their wrongdoing since 2002.Since our inception, we have obtained over $1 billion for shareholders.To be notified if a class action against Hut 8 Corp.settles or to receive free alerts when corporate executives engage in wrongdoing, sign up for [Stock Watch](https://www.globenewswire.com/Tracker?data=hQF-t4RwTZm1OTvtU5cs6PWuQrO2NOS5UCSZ3L6lfKbCRwt95BbT1NsD6Jf4SUW5xrA89HmD9f6YRACBGpj5JjN6omntthByJ93YEF-PwS4=) today.
Attorney Advertising.
Past results do not guarantee a similar outcome.|Contact:| Aaron Dumas, Jr.Robbins LLP 5060 Shoreham Pl., Ste.300 San Diego, CA 92122 (800) 350-6003 [https://www.linkedin.com/company/robbins-llp/](https://www.linkedin.com/company/robbins-llp/) A photo accompanying this announcement is available at [https://www.globenewswire.com/NewsRoom/AttachmentNg/53cebbcc-fe2f-4cd9-bb51-dc13ae302bdd](https://www.globenewswire.com/Tracker?data=US9Cm3ZCA3jbFu_758lCa8v1UbEKaUwoGphbazBh9v214BqY7ScrKqKCuKg5zpbs-CODl1V3Z0tRgr4l1eratMLdmS21CNnZGatxSmRt5P0BwUqvRjOlkE12AemXg5thP7a5yZ31EL84Ptu5656liD-AJn2M0fKqz-8_0hLPWMpi4GGre70smCgxPSQ0YOCjOt3KMd9uCbR24kVPr1b9yFknTG-1OudX7U1ZMG48WHHc-3BLMQjOS-P6sOFX0coJSDeehwrMUEkoXh3smgk-Uw==).