Odaily Planet Daily News: Bitcoin mining company Hut 8 has filed a motion with the court to dismiss a class action lawsuit initiated by its shareholders. The company claims that this lawsuit was triggered by a short seller report that stated the company was overvalued due to severe operational issues. In documents submitted to the New York federal court on December 2, Hut 8 stated that short seller J Capital Research was involved in 'an effort to drive down Hut 8's stock price for its own benefit.' The company noted: '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 negative views of the short sellers 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 plant, and may have hidden ownership stakes. (Cointelegraph)