Published
October 3, 2026
Investors who received Hut 8 Corp. shares for US Bitcoin Corp stock in the November 2023 merger, or bought Hut 8 shares on a U.S. exchange from December 4, 2023 through January 18, 2024, and sold them at a loss before June 14, 2024 may qualify to claim a pro rata share of the $2.35 million Hut 8 securities class action settlement. Claims close December 5, 2026, and the final approval hearing is set for November 6, 2026.
Current Status
Claims are open. A Claim Form must be submitted online by 11:59 p.m. EST on December 5, 2026, or mailed with a postmark no later than that date. The U.S. District Court for the Southern District of New York preliminarily approved the $2.35 million settlement on July 8, 2026, and the final approval hearing is scheduled for November 6, 2026, at 1:00 p.m. Requests for exclusion and objections are due October 16, 2026. The settlement has not received final approval, and no payment date had been announced as of October 3, 2026.Free settlement alerts
Get notified when new class actions open to claims
Join thousands of readers who get the latest class action settlements you may qualify for — delivered straight to your inbox.
Status
Claims Open
Claim Deadline
December 5, 2026
Online by 11:59 p.m. EST, or postmarked by that date
Estimated Payout
About $0.07 a Share
Average estimate before fees · about $0.04 after · pro rata · no payment under $10
Proof Required
Yes — Brokerage Records
Broker confirmations or statements for every listed Hut 8 share receipt, purchase and sale
What Changed Recently?
Hut 8 Corp. and four individual defendants agreed to pay $2.35 million to settle In re Hut 8 Corp. Securities Litigation, a securities class action in Manhattan federal court. The parties signed the settlement stipulation on June 18, 2026, and Judge Victor Marrero preliminarily approved it on July 8, 2026, which started the notice and claim process run by Strategic Claims Services.Hut 8, a bitcoin miner and energy infrastructure company, was formed when Hut 8 Mining Corp. and U.S. Data Mining Group, doing business as US Bitcoin Corp (USBTC), merged on November 30, 2023. The lawsuit alleges that the registration statement and prospectus for that merger, and other public statements, misrepresented energy and internet problems at the King Mountain joint venture, a digital asset mining site that USBTC had brought into the deal. On September 12, 2025, the court dismissed the Securities Exchange Act claims and the claims about USBTC’s pre-merger finances, but let Securities Act claims over two King Mountain statements go forward. The defendants deny all wrongdoing, fault and liability, and agreed to settle to end the expense and uncertainty of the case. No court has found that they did anything wrong.
Who Qualifies?
The settlement class is defined as all persons and entities that purchased or otherwise acquired Hut 8 securities in the United States or on a U.S.-based exchange from February 13, 2023 through January 18, 2024, inclusive, and were allegedly damaged. Hut 8 trades on the Nasdaq and the Toronto Stock Exchange under the ticker HUT.Because only the Securities Act claims survived, the plan of allocation pays only on shares treated as traceable to the merger registration statement. Those are:
- Hut 8 common stock issued in exchange for USBTC capital stock when the merger closed on November 30, 2023; and
- Hut 8 common stock bought on the open market in the United States or on a U.S. exchange from December 4, 2023, the first day the combined company traded, through January 18, 2024.
The Hut 8 shares issued to holders of Legacy Hut (Hut 8 Mining Corp.) securities in the merger are not eligible, and neither are shares bought during the class period but sold before the merger closed. Excluded from the class are the defendants, Hut 8’s officers and directors, their immediate families and related parties, entities the defendants controlled, and anyone who opted out.
How Much Can You Get?
Payments are pro rata and are expected to be small. The plaintiff’s damages expert estimates that about 34.23 million shares may be eligible. If all of them are claimed, the notice estimates an average recovery of about $0.07 a share before fees and expenses, and about $0.04 a share after them. These are averages, not a prediction for any one claimant.The recognized loss follows the Securities Act damages formula. For each eligible share sold before June 14, 2024, the date the Securities Act claims were first alleged, it is the lesser of the purchase price and $9.50, the stock’s closing price on the merger date, minus the sale price. Shares still held at the opening of trading on June 14, 2024 have a recognized loss of zero; the stock closed at $11.28 that day. A share sold for more than its capped cost also has no recognized loss.
Lead counsel Pomerantz LLP will ask for attorneys’ fees of up to 33.3% of the fund, up to $150,000 in litigation expenses and a compensatory award of up to $10,000 for the lead plaintiff, all paid from the fund along with notice and administration costs. No payment is made to a claimant whose share would be less than $10.00.
What Proof or Notice ID Is Required?
No notice ID is needed, but the claim requires documentation. The Claim Form asks for the number of Hut 8 shares received for USBTC stock, the number received for Legacy Hut securities, every open-market purchase and sale from December 4, 2023 through the close of trading on June 14, 2024, and holdings at the relevant dates. Each entry must be documented, and copies of broker confirmations or other transaction records must be attached. The form warns that missing documentation can delay verification or lead to rejection.Representative filers submitting claims for many accounts must use the administrator’s electronic spreadsheet template and also send a signed paper Claim Form with proof of authority.
What Is the Deadline?
Online claims must be submitted by 11:59 p.m. EST on December 5, 2026. Paper Claim Forms, with the requested documentation, must be postmarked by December 5, 2026.Requests for exclusion from the class must be received by October 16, 2026. Objections to the settlement, the plan of allocation or the fee request, and requests to speak at the hearing, must be received by the court and counsel by the same date, following the instructions in the notice.
How Do You Take Action?
Claims are filed on the official Hut 8 settlement page run by Strategic Claims Services, which links to the online claim form and to the notice and paper Claim Form. A claim needs the share and transaction details described above, supporting brokerage records and a signed release.Other open stock-drop settlements are listed on OCA’s securities class actions hub.
What Happens Next?
Judge Marrero will hold the settlement hearing on November 6, 2026, at 1:00 p.m. in Courtroom 15B of the Daniel Patrick Moynihan U.S. Courthouse in Manhattan, or remotely at the court’s discretion, to decide whether to approve the settlement, the plan of allocation and the fee request. The court can change the date or time without further notice. The hearing comes before the December 5 claim deadline, and distributions will be made only after the court approves the settlement, the judgment becomes final and all claims are processed. No payment date had been announced as of October 3, 2026.Sources and Verification
- In re Hut 8 Securities Litigation — Strategic Claims Services case page
- Notice of Pendency of Class Action, Proposed Settlement, and Motion for Attorneys’ Fees, with Proof of Claim and Release Form
- Order Granting Preliminary Approval, July 8, 2026, In re Hut 8 Corp. Securities Litigation, No. 1:24-cv-00904-VM (S.D.N.Y.)
- Stipulation and Agreement of Settlement, June 18, 2026
Questions
Do former Hut 8 Mining shareholders qualify?
Not for the shares they received in the merger. The new Hut 8 shares issued to holders of Legacy Hut (Hut 8 Mining Corp.) securities were not registered under the merger registration statement, so the plan of allocation gives them no recognized loss. Shares those holders later bought on a U.S. exchange from December 4, 2023 through January 18, 2024 are treated like any other open-market purchase.
Why are the estimated payments so low?
The fund is $2.35 million spread over roughly 34.23 million potentially eligible shares, and only Securities Act claims survived the motion to dismiss. Those claims cap the recognized loss at the $9.50 merger-date price and give no recognized loss for shares still held on June 14, 2024, when the stock closed at $11.28.
What is the deadline to opt out or object?
Requests for exclusion and objections must be received by October 16, 2026, which is earlier than the December 5, 2026 claim deadline. Class members who do not opt out remain in the class and are bound by the settlement if the court approves it, whether or not they file a claim. A person who opts out cannot receive a payment.
What happened to the Exchange Act claims?
On September 12, 2025, the court dismissed the Securities Exchange Act claims and the claims about US Bitcoin Corp’s pre-merger financial condition. It allowed Securities Act claims over two statements about the King Mountain joint venture to proceed, and those are the claims the settlement resolves.
For more class actions keep scrolling below.
Settlement Amount
$2,350,000
Case Title
In re Hut 8 Corp. Securities Litigation
Case Number
1:24-cv-00904-VM
Court
U.S. District Court, Southern District of New York
Final Approval Hearing
November 6, 2026 at 1:00 PM
Courtroom 15B, Daniel Patrick Moynihan U.S. Courthouse, or remotely
Administrator
Strategic Claims Services
Official Website
Strategic Claims — Hut 8
