Hut 8 Settles USBTC Merger Investor Suit for $2.35M

Hut 8 has agreed to pay $2.35 million to settle a securities class action accusing the company of misleading investors in connection with its 2023 all-stock merger with U.S. Bitcoin Corp. (USBTC). The deal, filed in the U.S. District Court for the Southern District of New York, requires court…