Defendants failed to disclose King Mountain facility service failures

Checked on September 28, 2026. The cited source supports part of this claim, but not all of it.

This is an allegation in a shareholder lawsuit, not a proven fact. The claim states it without attributing it to the complaint.

Confirmed in the source:

• A shareholder derivative complaint filed April 19, 2024 alleges that defendants failed to disclose to investors that USBTC's core asset historically failed to provide energy and high-speed internet

We could not confirm this from the cited source:

• That defendants actually failed to disclose energy and internet failures at USBTC's core asset. The document only alleges this; it does not establish it as fact.

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.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.

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: “(2) that USBTC's core asset has historically failed to provide energy and high-speed internet;”

View cached copy (2026-09-26)Live source ↗