The proposed $2,350,000 settlement covers people and entities that purchased or acquired Hut 8 securities between February 13, 2023 and January 18, 2024. Claimants must submit a Claim Form with appropriate supporting documentation by December 5, 2026; those who do not file will not share in the proceeds, and the court has not yet decided whether to approve the settlement.
Proof Needed
New
Benefit Summary
Eligible class members: available benefits include Pro rata payment from Net Settlement Fund.
Payments come from the $2,350,000 settlement fund and may change after approved deductions.
Available Awards
Pro rata payment from Net Settlement Fund
Who Is Included
The Settlement Class includes people 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 and were allegedly damaged, subject to exclusions. Payment eligibility is narrower under the Plan of Allocation and depends on shares assumed traceable to the Registration Statement.
- Products included: Hut 8 securities; payment calculations concern eligible Hut 8 common stock.
- Proof required: To receive a payment, submit a signed Claim Form and copies of broker confirmations or other documentation of your Hut 8 common-stock transactions. The form requests documentation of USBTC and Legacy Hut merger shares, purchases, sales, and shares held as of June 14, 2024, as applicable.
Claim and Payment Information
- Claim method: Online submission or mail
- Claim deadline: 2026-12-05
- Instructions: Complete, sign, and submit a Claim Form with all requested information about your Hut 8 transactions and the required supporting documentation. The Claims Administrator will decide whether your claim qualifies.
Questions & Answers
Which shares can qualify for a payment?
- You must be in the Settlement Class: generally, someone who bought 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, and was allegedly harmed.
- The payment rules are narrower. They cover Hut 8 common stock assumed to be traceable to the Merger registration statement. This includes shares issued to USBTC shareholders in the Merger and qualifying open-market purchases from December 4, 2023 through January 18, 2024.
- The following do not receive a Recognized Loss under the Plan of Allocation: unregistered Hut 8 shares issued to Legacy Hut shareholders in the Merger, shares bought during the class period but sold before the Merger closed, option contracts, and shares acquired through the exercise, conversion, or exchange of non-publicly traded Hut 8 securities.
How do I submit a claim, and what records do I need?
- Complete and sign the Claim Form, report the required Hut 8 common-stock transactions, and include copies of broker confirmations or other transaction records.
- You may submit the form online by 11:59 p.m. EST on December 5, 2026, or mail it with the requested documents. A mailed claim must be postmarked or received by December 5, 2026.
- The Claims Administrator decides whether a claim is accepted. Filing a claim does not itself guarantee payment.
Why does the Claim Form ask about transactions after the class period?
- The Claim Form asks you to report and document shares received for USBTC stock in the Merger and shares received for Legacy Hut securities in the Merger.
- It also requires every purchase and sale of Hut 8 common stock from December 4, 2023 through June 14, 2024, plus the number of shares held at the close of trading on June 14, 2024.
- This reporting period extends beyond the January 18, 2024 Settlement Class Period because the information is used to calculate a Recognized Loss and reconcile holdings. Legacy Hut Merger shares must be reported even though they are not eligible for a Recognized Loss.
How are payments calculated?
- A Recognized Loss is a calculation used to divide the Net Settlement Fund among accepted claimants. It is not a promise of what you will receive.
- For an eligible share sold before June 14, 2024, the Recognized Loss is the lower of your purchase price or $9.50, minus the sale price. Any negative result is treated as zero.
- An eligible share held through the opening of trading on June 14, 2024 has a Recognized Loss of $0.00.
- The plan uses first-in, first-out matching for purchases and sales. A distribution under $10 will not be made.
How much money is available, and is any payment amount guaranteed?
- The settlement fund is $2.35 million, plus any interest it earns.
- Court-approved fees and expenses, a possible award to the plaintiff, taxes, and notice and claims-administration costs come out before payments to claimants.
- The notice estimates an average recovery of about $0.07 per affected share before deductions and about $0.04 after the stated estimated deductions. These are estimates, not a promised amount for any claimant.
When would payments be sent?
- The Court is scheduled to consider approval on November 6, 2026, at 1:00 p.m.
- Payments cannot begin until claims are processed and the Court has finally approved the settlement. Appeals, if any, can add substantial time.
- The notice does not provide a specific payment date.
What are my options if I do not want to remain in the settlement or I want to object?
- You can ask to be excluded from the settlement by mailing a signed exclusion request with the required contact information, transaction details, and documentary proof. It must be received by October 16, 2026.
- If you validly exclude yourself, you will not receive a settlement payment and cannot object, but you will not be bound by the judgment.
- If you stay in the settlement, you may object in writing by October 16, 2026. An objection requires documentation showing membership in the Settlement Class and must be sent to the Court and counsel.
What happens if I do nothing?
- If you neither submit a claim nor exclude yourself, you will not receive a payment.
- If the settlement is approved, you will still be bound by the release of claims unless you excluded yourself. That includes whether or not you received notice, filed a claim, had a claim accepted, or received money.
- The release does not include claims in the related derivative actions listed in the notice.
Other Important Dates
- Exclusion deadline: 2026-10-16
- Objection deadline: 2026-10-16
- Final approval hearing: November 6, 2026, at 1:00 p.m.
- Hearing location: United States District Court for the Southern District of New York, Daniel Patrick Moynihan United States Courthouse, 500 Pearl St., New York, NY 10007-1312, Courtroom 15B; either in person or remotely at the Court’s discretion
Case Details
- Total settlement fund: $2,350,000
- Case name: In re Hut 8 Corp. Securities Litigation
- Case number: 1:24-cv-00904-VM
- Court: United States District Court for the Southern District of New York
- Administrator: Strategic Claims Services
- Official Settlement Website: https://www.strategicclaims.net/Hut8
Sources
Official Settlement Website
Claim form, FAQ, deadlines, administrator information
Visit Site →Claim form, FAQ, deadlines, administrator information
Official Settlement Notice (PDF)
Court-approved notice describing eligibility and benefits
Open PDF →Court-approved notice describing eligibility and benefits