Alleged ‘ghost’ Bitcoin mining firm traded on Nasdaq faces class action lawsuit By Cointelegraph


Alleged ‘ghost’ Bitcoin mining firm traded on Nasdaq faces class action lawsuit

Bit Digital (BTBT), a mining company traded on the NASDAQ stock exchange, is the subject of a class-action lawsuit that alleges the company fabricated the extent of its Bitcoin (BTC) mining operations.

According to the lawsuit which was filed in the Southern District New York court on Jan. 20 by plaintiff Anthony Pauwels, Bit Digital misled investors and made materially false claims about the extent of their Bitcoin mining business, causing significant financial harm for investors.