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Hut 8 Corp. Share price plummets amid allegations of insider stock dumping
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Hut 8 Corp. Share price plummets amid allegations of insider stock dumping
Bitcoin mining company Hut 8 Corp. witnessed a significant decline in its share price, plummeting over 23% on January 18, 2024. This sharp drop occurred when the firm celebrated its listing on the Nasdaq stock exchange by ringing the opening bell. Concurrently, a controversial report from activist short-selling firm JCapital Research cast a shadow over the company, alleging that insiders were gearing up for a “pump and dump” strategy. The drama…
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