Hut 8 Responds to Short Seller Report Accusing Bitcoin Miner of Malpractice Bitcoin miner Hut 8 has expressed confidence in its latest partnership with
USBTC following a controversial report released by
JCapital Research warning investors of possible risks.
In a brief
response on Jan 19, the company stated that it had read the report and would provide all necessary updates deemed appropriate amid concerns by the wider digital
asset community on social media spaces.
“(Hut 8) is aware of a short report issued on January 18 by J
Capital Research, which is a self-proclaimed group of biased activists who clearly disclose that they will profit if a company’s share price declines. Hut 8 is reviewing the report and will provide updates as the
Company deems appropriate.”
The Canadian miners
expressed full confidence in the current management team and the board of directors following the merger adding that the partnership would achieve growth for all
shareholders.
