Bitcoin mining company, Hut 8, has refuted claims made in a report issued by investment information service firm, Jcapital Research.
Hut 8 stated in a January 24 announcement that the report, released on January 18, was riddled with inaccuracies and misled with false data and speculative assertions.
The report was also said to contain baseless personal attacks. Additionally, Hut 8 dismissed the Jcapital report as a deliberate attempt to disseminate misinformation about the company's operations, financial status, management practices, and key executives.
Hut 8 further urged investors to refer to its official documents filed with the United States Securities and Exchange Commission (SEC) and Canadian securities regulators, asserting these records as credible sources of the company's information.