Bitcoin mining company Hut 8 Corp is seeking to dismiss a class-action lawsuit from shareholders, which it claims was fueled by a short-seller report from J Capital Research. The report accused Hut 8 of overpaying for US Bitcoin Corp and hiding operational issues. Hut 8 argues that these "short-and-distort" tactics often lead to shareholder lawsuits but insists this case lacks merit. Despite the report, Hut 8's stock has rebounded significantly, rising 296% since January. The company maintains that its disclosures were transparent and the lawsuit should be dismissed.
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