Hut 8 Corp. (HUT) Wednesday morning called last week’s report from JCapital Research “a deliberate attempt to spread misinformation about Hut 8, its operations, finances, management practices, and key executives.”
In a press release, Hut 8 sad the report was “filled with inaccuracies, misrepresented data, speculative claims, and unfounded character attacks.”
The report said that USBTC had a history of legal trouble, had defaulted on a loan and paid two government fines, one of which was for committing securities violations.
“We will not be derailed by activists who stand to profit from spreading misinformation and making defamatory character attacks,” said Hut 8 CEO Jaime Leverton. “The short report is riddled with speculative accusations and misinformation.”
HUT shares thus far have failed to bounce since Jan. 18 tumble, closing lower by 5.3% yesterday to $6.33. Shares are higher by 5.7% premarket alongside a modest bounce in the price of bitcoin.