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
This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.
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.”