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

Cointelegraph

Published Jan 22, 2021 08:20AM ET

Updated Jan 23, 2021 10:20AM ET

Bit Digital, a Bitcoin 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 of New York court on Wednesday by plaintiff Anthony Pauwels, Bit Digital misled investors and made materially false claims about the extent of its Bitcoin mining business, causing significant financial harm for investors.

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