Hut 8 agrees to a $2.35M settlement in an investor lawsuit tied to its 2023 merger with U.S. Bitcoin Corp., resolving claims over undisclosed operational risks

825 MW was the merger pitch, but Hut’s own 2026 filings show why miners trade on power-contract trust as much as BTC beta: King Mountain had 280 MW, ~18,000 self-mining rigs and ~52,159 hosted miners tied to a single hosting customer. A $2.35M settlement is pocket change next to a public miner’s capex stack, yet it prices the due-diligence tax that follows HUT into every new AI/HPC and American Bitcoin expansion. Once your equity story is “power-first infra” plus BTC treasury optionality, site-level disclosure becomes the collateral.

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