Hut 8's move of 'not admitting but paying up,' has a familiar feel.

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According to The Energy Mag, Bitcoin mining company Hut 8 has agreed to pay $2.35 million to settle a proposed securities class action initiated by investors. The investors alleged that Hut 8 exaggerated transaction revenues during the all-stock merger with U.S. Bitcoin Corp. in 2023 and failed to fully disclose the electricity and network connectivity issues at the latter's King Mountain mine in Texas. Hut 8 did not admit to any wrongdoing or causing investor losses.
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