USBTC acquisition of King Mountain Joint Venture
Company: Hut 8
The claim, verbatim
In December 2022, USBTC acquired a 50% interest in King Mountain Joint Venture, a bitcoin mining production facility in King Mountain, Texas. Through the Merger, this facility became part of Hut 8.
Source (primary)
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… (RECAP (purchased via PACER), court_filing)
View cached copy (2026-09-25)Live source ↗
Quote: “Before the Merger, in December 2022, USBTC acquired a 50% interest in a joint venture bitcoin mining production facility in King Mountain, Texas (the 'King Mountain Joint Venture'). As a result of the Merger, King Mountain Joint Venture became a part of the Company.”
How we checked this
Checked on October 12, 2026. The cited source supports every part of this claim.
The complaint states the acquisition date, the 50% stake, the location, and that the JV became part of Hut 8 through the Merger.
Confirmed in the source:
- In December 2022, USBTC acquired a 50% interest in the King Mountain Joint Venture
- The King Mountain Joint Venture is a bitcoin mining production facility in King Mountain, Texas
- King Mountain Joint Venture became part of Hut 8 as a result of the Merger
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.
Additional evidence
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: “Before the Merger, in December 2022, USBTC acquired a 50% interest in a joint venture bitcoin mining production facility in King Mountain, Texas (the 'King Mountain Joint Venture'). As a result of the Merger, King Mountain Joint Venture became a part of the Company.”
confirms Thompson v. Leverton — Entry #9: FIRST AMENDED COMPLAINT amending 1 Complaint, against Joseph Flinn, Asher Genoot, Alexia Hefti, Michael Ho, Hut 8 Corp., Jamie Leverton, Stanley O'Neal, Rick…
Quote: “Before the Merger, in December 2022, USBTC acquired a 50% interest in a joint venture bitcoin mining production facility in King Mountain, Texas (the "King Mountain Joint Venture"). As a result of the Merger, King Mountain Joint Venture became a part of the Company.”