Material false and misleading public statements about business

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

The claim states as fact what the complaint only alleges; a court filing by the plaintiff does not establish the defendants' wrongdoing.

Confirmed in the source:

• The complaint alleges the Individual Defendants made or caused materially false and misleading statements about the Company's business, operations, and prospects
• The complaint alleges these statements failed to disclose an undisclosed related party, King Mountain's instability, improperly accounted interest expenses, and exaggerated USBTC asset profitability

We could not confirm this from the cited source:

• That the Individual Defendants in fact made materially false and misleading statements (the document is a complaint and only alleges this)

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: “the Individual Defendants breached their fiduciary duties throughout the Relevant Period by personally making and/or causing the Company to make to the investing public a series of materially false and misleading statements regarding the Company's business, operation, and prospects. Specifically, the Individual Defendants willfully or recklessly made and/or caused the Company to make false and misleading statements that failed to disclose”

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