Investigation into Hut 8 Corp. on Behalf of Investors

The Law Offices of Frank R. Cruz is investigating Hut 8 Corp. on behalf of investors, alleging possible violations of federal securities laws. The investigation stems from a merger with US Bitcoin Corp. (USBTC), which was backed by promoters with a history of legal trouble. The report claims that USBTC's core asset fails to provide energy and high-speed internet, potentially reducing its value by 70% compared to the $745 million paid to acquire it by Hut 8. Following this news, Hut 8's stock price fell by 23.3%.