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Pomerantz LLP Announces Proposed Class Action Settlement on Behalf of Purchasers of Securities of Hut 8 Corp. - HUT

prnewswire.com
HUT The article reports on a proposed class action settlement for Hut 8 Corp. securities. It details the settlement amount, the process for class members to claim funds or opt out, and upcoming court dates. This is a legal proceeding and does not directly reflect the company's operational performance or future prospects.

NEW YORK, Aug. 21, 2026 /PRNewswire/ -- /PR Newswire/ – Pomerantz LLP announces that the United States District Court for the Southern District of New York has approved the following announcement of a proposed class action settlement that would benefit purchasers of securities of Hut 8 Corp.(NASDAQ: HUT):

UNITED STATES DISTRICT COURT

SOUTHERN DISTRICT OF NEW YORK

IN RE HUT 8 CORP. SECURITIES LITIGATION

Case No. 1:24-cv-00904-VM

CLASS ACTION

THIS DOCUMENT RELATES TO:

ALL ACTIONS

SUMMARY NOTICE OF PENDENCY OF CLASS ACTION, PROPOSED SETTLEMENT, AND MOTION FOR ATTORNEYS' FEES AND LITIGATION EXPENSES

To: All persons and entities that purchased or otherwise acquired Hut 8 Corp. ("Hut 8") securities in the United States or on an exchange based in the United States between February 13, 2023 and January 18, 2024, inclusive (the "Class Period"), and who were allegedly damaged thereby (the "Settlement Class"). [1]

YOU ARE HEREBY NOTIFIED, pursuant to Rule 23 of the Federal Rules of Civil Procedure and an Order of the United States District Court for the Southern District of New York, that Court-appointed Lead Plaintiff, on behalf of himself and all members of the proposed Settlement Class, Hut 8, and the Individual Defendants have reached a proposed settlement of the claims in the above-captioned class action (the "Action") in the amount of two million three hundred and fifty thousand U.S. dollars and zero cents ($2,350,000.00) (the "Settlement").

A hearing will be held before the Honorable Victor Marrero either in person or remotely, at the Court's discretion, at Daniel Patrick Moynihan United States Courthouse, 500 Pearl St., New York, NY 10007-1312, in Courtroom 15B, on November 6, 2026, at 1:00 p.m. (the "Settlement Hearing") to determine whether the Court should: (i) approve the proposed Settlement as fair, reasonable, and adequate; (ii) dismiss the Action with prejudice as provided in the Stipulation of Settlement, dated June 18, 2026; (iii) approve the proposed Plan of Allocation for distribution of the proceeds of the Settlement (the "Net Settlement Fund") to Settlement Class Members; and (iv) approve Lead Counsel's Fee and Expense Application. The Court may change the date of the Settlement Hearing, or hold it remotely, without providing another written notice. Information about the hearing will be posted at www.strategicclaims.net/Hut8. You do NOT need to attend the Settlement Hearing to receive a distribution from the Net Settlement Fund.

IF YOU ARE A MEMBER OF THE SETTLEMENT CLASS, YOUR RIGHTS WILL BE AFFECTED BY THE PROPOSED SETTLEMENT AND YOU MAY BE ENTITLED TO A MONETARY PAYMENT. If you have not yet received a full Notice of Pendency of Class Action, Proposed Settlement, and Motion for Attorneys' Fees and Litigation Expenses ("Notice") and Proof of Claim and Release form ("Claim Form"), you may obtain copies of these documents by visiting www.strategicclaims.net/Hut8 or by contacting the Claims Administrator at:

In re Hut 8 Securities Litigation

c/o Strategic Claims Services

600 N. Jackson Street, Suite 205

P.O. Box 230

Media, PA 19063

Toll-Free: (866) 274-4004

Fax: (610) 565-7985

[email protected]

Inquiries, other than requests for information about the status of a claim, may also be made to Lead Counsel:

POMERANTZ LLP

Jeremy A. Lieberman

Irina Vasilchenko

600 Third Avenue, 20 th Floor

New York, NY 10016

www.pomlaw.com

(212) 661-1100

If you are a Settlement Class Member, to be eligible to share in the distribution of the Net Settlement Fund, you must submit a Claim Form postmarked or submitted online no later than December 5, 2026. If you are a Settlement Class Member and do not timely submit a valid Claim Form, you will not be eligible to share in the distribution of the Net Settlement Fund, but you will nevertheless be bound by all judgments or orders entered by the Court relating to the Settlement, whether favorable or unfavorable.

If you are a Settlement Class Member and wish to exclude yourself from the Settlement Class, you must submit a written request for exclusion in accordance with the instructions set forth in the Notice so that it is received no later than October 16, 2026. If you properly exclude yourself from the Settlement Class, you will not be bound by any judgments or orders entered by the Court relating to the Settlement, whether favorable or unfavorable, and you will not be eligible to share in the distribution of the Net Settlement Fund.

Any objections to the proposed Settlement, Lead Counsel's Fee and Expense Application, and/or the proposed Plan of Allocation must be filed with the Court, either by mail or in person, and be mailed to counsel for the Parties in accordance with the instructions in the Notice, such that they are received no later than October 16, 2026.

PLEASE DO NOT CONTACT THE COURT, DEFENDANTS, OR DEFENDANTS' COUNSEL REGARDING THIS NOTICE.

DATED: JULY 8, 2026 BY ORDER OF THE COURT

UNITED STATES DISTRICT COURT

SOUTHERN DISTRICT OF NEW YORK

[1] All capitalized terms used in this Summary Notice that are not otherwise defined herein shall have the same meanings as set forth in the Stipulation and Agreement of Settlement, dated June 18, 2026 (the "Stipulation"), available at www.strategicclaims.net/Hut8.

SOURCE Pomerantz LLP