King Mountain Joint Venture infrastructure deficiencies

Checked on October 12, 2026. The cited source supports part of this claim, but not all of it.

The complaint makes this allegation but does not prove it, and it describes King Mountain as USBTC's main asset rather than Hut 8's.

Confirmed in the source:

• The complaint alleges King Mountain Joint Venture was not a financially stable asset and historically failed to provide energy and high-speed internet
• The complaint describes King Mountain as USBTC's main asset and premier mining location, which became Hut 8's property through the Merger

We could not confirm this from the cited source:

• That King Mountain was in fact financially unstable and failed to provide energy and internet (the document presents this as an allegation, partly sourced to the J Capital Report)
• That King Mountain was Hut 8's main asset (the document calls it USBTC's main asset, not Hut 8's)

That does not mean it is false — only that this source does not establish it, as of the date above. If we find a source that settles it, we will re-check and update this page.

What we did: Read our cached copy of RECAP (purchased via PACER) (https://storage.courtlistener.com/recap/gov.uscourts.nysd.618845/gov.uscourts.nysd.618845.8.0.pdf) in full (109,654 characters, retrieved September 25, 2026) and checked each assertion in the claim against it.

confirms Thompson v. Leverton — Entry #8: FILING ERROR - DUPLICATE DOCKET ENTRY - COMPLAINT against Joseph Flinn, Asher Genoot, Alexia Hefti, Michael Ho, Hut 8 Corp., Jamie Leverton, Stanley O'Neal…

Quote: “USBTC's main asset and premier mining location, King Mountain Joint Venture, which became the property of Hut 8 by dint of the Merger, was not a financially stable asset since it historically failed to provide energy and high-speed internet – core necessities for a data mining venture”

View cached copy (2026-09-25)Live source ↗