King Mountain Joint Venture acquisition
Company: Hut 8
The claim, verbatim
USBTC acquired a 50% interest in a bitcoin mining joint venture facility in King Mountain, Texas in December 2022, which became Hut 8 property following the Merger.
Source (primary)
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… (RECAP, court_filing)
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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
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Additional evidence
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.”