Golden Finance reports that Bitcoin mining company Hut 8 has filed a motion in court seeking to dismiss a class action lawsuit initiated by its shareholders. The company claims that this lawsuit was triggered by a short-seller report, which stated that the company was overvalued relative to its severe operational issues. In documents submitted to the New York federal court on December 2, Hut 8 stated that the short-seller J Capital Research was involved in "a campaign to drive down Hut 8's stock price for its own benefit." The company wrote: "This case stems from the short-seller's attempt to profit from its short position in Hut 8 at the expense of ordinary shareholders. These 'short and distort' schemes are often accompanied by shareholder class action lawsuits that echo the short-seller's negative views and label the report as a 'corrective' disclosure." J Capital Research released a report in January claiming that Hut 8 exaggerated the profitability of its acquisition of US Bitcoin Corp (USBTC), concealed operational issues at a Texas facility, and may have hidden ownership stakes.