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On January 20, according to Globenewswire, the stock price of Bitcoin mining company Hut 8 Corp. dropped by 23% following an unconfirmed report from the short-selling firm J Capital Research. In response, Hut 8 issued a statement, acknowledging the release of a short-seller report by J Capital Research. Hut 8 Corp. referred to J Capital Research as a biased and aggressive group, explicitly disclosing their profit motive tied to a decrease in Hut 8's stock price.
Additionally, Hut 8 did not address other points raised in the J Capital report but mentioned that they are reviewing the article and will provide additional information as needed in the future. |
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