King Mountain JV energy and internet problems knowable before merger
Company: Hut 8 - Project: King Mountain
The claim, verbatim
King Mountain JV experienced energy and internet problems that were knowable before the November 2023 merger
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: “the King Mountain JV experienced energy and internet problems that were knowable before the Merger.”
How we checked this
Checked on October 12, 2026. The cited source supports every part of this claim.
The complaint quotes this as a finding of the S.D.N.Y. court in the related securities class action, in its opinion partly denying a motion to dismiss (ECF No. 57 at 60). It is a pleading-stage ruling, not a final judgment.
Confirmed in the source:
- The King Mountain JV experienced energy and internet problems
- Those problems were knowable before the Merger, which closed in November 2023
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: “the King Mountain JV experienced energy and internet problems that were knowable before the Merger.”