USBTC's 50% interest in King Mountain bitcoin mining facility
Company: Hut 8 - Project: King Mountain
The claim, verbatim
USBTC held a 50% interest in a joint venture bitcoin mining facility located in King Mountain, Texas, which was acquired in the merger
Source (primary)
Ubhi v. Leverton — Entry #1: COMPLAINT against Joe Flinn, Asher Genoot, Alexia Hefti, Mike Ho, Hut 8 Corp., Jaime Leverton, Stanley O'Neal, Rick Rickertsen, Mayo A (RECAP (purchased via PACER), court_filing)
View cached copy (2026-09-26)Live source ↗
Quote: “USBTC held a 50% interest in a joint venture bitcoin mining facility, located in King Mountain, Texas (the "King Mountain JV"), which was acquired in the Merger.”
How we checked this
Checked on September 28, 2026. The cited source supports every part of this claim.
The complaint says USBTC held a 50% interest in the King Mountain, Texas joint venture mining facility and that this interest was acquired in the merger.
Confirmed in the source:
- USBTC held a 50% interest in a joint venture bitcoin mining facility
- The facility is located in King Mountain, Texas
- The King Mountain JV interest was acquired in the merger
What we did: Read our cached copy of RECAP (purchased via PACER) (https://storage.courtlistener.com/recap/gov.uscourts.ded.86297/gov.uscourts.ded.86297.1.0.pdf) in full (66,775 characters, retrieved September 26, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Ubhi v. Leverton — Entry #1: COMPLAINT against Joe Flinn, Asher Genoot, Alexia Hefti, Mike Ho, Hut 8 Corp., Jaime Leverton, Stanley O'Neal, Rick Rickertsen, Mayo A
Quote: “USBTC held a 50% interest in a joint venture bitcoin mining facility, located in King Mountain, Texas (the "King Mountain JV"), which was acquired in the Merger.”