Inadequate internal controls and insider sales

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

The complaint's figures support the sale proceeds total, but the inadequate controls and the impropriety of the sales are the plaintiff's allegations, not established facts.

Confirmed in the source:

• Two Individual Defendants, Leverton and Visram, sold Company stock during the Relevant Period for combined proceeds of $2,017,286, per the complaint's sales tables
• The complaint alleges the Individual Defendants caused the Company to fail to maintain adequate internal controls and that the sales were improper

We could not confirm this from the cited source:

• That the Company in fact failed to maintain adequate internal controls (an allegation only)
• That the insider sales were in fact improper (an allegation only)

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 caused the Company to fail to maintain adequate internal controls while two of the Individual Defendants engaged in improper insider sales, netting personal proceeds totaling $2,017,286”

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