USBTC acquired 50% interest in King Mountain JV
Company: Hut 8
The claim, verbatim
USBTC acquired a 50% interest in the King Mountain JV (Texas mining facility) through competitive auction in connection with Compute North bankruptcy, with NextEra Energy holding the other 50%
Source (primary)
Aliko v. Tai — Entry #34: AMENDED COMPLAINT Verified Consolidated Shareholder Derivative (Redacted) against Joseph Flinn, Asher Genoot, Alexia Hefti, Mike Ho, Hut 8 Corp., Jamie… (RECAP (purchased via PACER), court_filing)
View cached copy (2026-09-27)Live source ↗
Quote: “USBTC acquired its 50% interest in the King Mountain JV through a competitive auction process in connection with the Chapter 11 bankruptcy filing of Compute North Member LLC... NextEra Energy, Inc. held the other 50% interest in TZRC.”
How we checked this
Checked on October 12, 2026. The cited source supports every part of this claim.
Paragraph 40 says USBTC bought Compute North's 50% interest in TZRC LLC at a bankruptcy auction and that NextEra held the other 50% of TZRC. The complaint presents TZRC as the King Mountain JV entity.
Confirmed in the source:
- USBTC held a 50% interest in the King Mountain JV, a mining facility in King Mountain, Texas
- USBTC acquired that interest through a competitive auction process
- The auction was connected to the Chapter 11 bankruptcy of Compute North Member LLC
- NextEra Energy, Inc. held the other 50% interest
What we did: Read our cached copy of RECAP (purchased via PACER) (https://storage.courtlistener.com/recap/gov.uscourts.flsd.663463/gov.uscourts.flsd.663463.34.0.pdf) in full (96,045 characters, retrieved September 27, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Aliko v. Tai — Entry #34: AMENDED COMPLAINT Verified Consolidated Shareholder Derivative (Redacted) against Joseph Flinn, Asher Genoot, Alexia Hefti, Mike Ho, Hut 8 Corp., Jamie…
Quote: “USBTC acquired its 50% interest in the King Mountain JV through a competitive auction process in connection with the Chapter 11 bankruptcy filing of Compute North Member LLC... NextEra Energy, Inc. held the other 50% interest in TZRC.”