J Capital report alleged undisclosed related party shareholder of USBTC
Company: Hut 8
The claim, verbatim
J Capital Research published a report on January 18, 2024 alleging that USBTC had an undisclosed related party as one of its largest shareholders
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: “On January 18, 2024, J Capital Research published a report alleging, inter alia, that Hut 8's merger with USBTC was premised on a number of alleged misstatements, including (1) that the USBTC had an "undisclosed related party" as one of its largest shareholders”
How we checked this
Checked on September 28, 2026. The cited source supports every part of this claim.
The complaint says J Capital Research's January 18, 2024 report alleged that an undisclosed related party was among USBTC's largest shareholders.
Confirmed in the source:
- J Capital Research published a report on January 18, 2024
- The report alleged that USBTC had an undisclosed related party as one of its largest shareholders
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: “On January 18, 2024, J Capital Research published a report alleging, inter alia, that Hut 8's merger with USBTC was premised on a number of alleged misstatements, including (1) that the USBTC had an "undisclosed related party" as one of its largest shareholders”