Bitdeer has sold all Bitcoin mined since February, generating total proceeds exceeding $205 million. Meanwhile, Hut 8 agreed to pay $2.35 million to settle a class action lawsuit accusing the company of misleading investors regarding operational issues. The settlement addresses claims related to its merger with U.S. Bitcoin Corp and allegations of providing false information to shareholders.
The NASDAQ-listed miner agreed to the payout to resolve allegations of misleading investors regarding operational issues tied to its 2023 merger.
Read the full storyBitcoin miner Hut 8 agreed to pay $2.35 million to settle a class-action lawsuit regarding its 2023 merger with U.S. Bitcoin Corp, while denying any legal wrongdoing.
The crypto mining firm liquidated its entire recent production to fund a strategic shift toward AI and technology infrastructure.