Bernstein Liebhard, a nationally acclaimed investor rights law firm, announces that a securities class action lawsuit has been filed on behalf of investors who purchased or acquired the securities of Bit Digital, Inc. ("Bit Digital" or the "Company") (NASDAQ: BTBT) from December 21, 2020 through January 8, 2021 (the "Class Period"). The lawsuit filed in the United States District Court for the Southern District of New York alleges violations of the Securities Exchange Act of 1934.
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BENSALEM, Pa., Jan. 25, 2021 /PRNewswire/ Law Offices of Howard G. Smith reminds investors of the upcoming
February 19, 2021 deadline to file a lead plaintiff motion in the case filed on behalf of investors who purchased ACM Research, Inc. ( ACM Research or the Company ) (NASDAQ: ACMR) securities between
March 6, 2019 and October 7, 2020, inclusive (the Class Period ).
Investors suffering losses on their ACM Research investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to [email protected].
On October 8, 2020, J Capital Research issued a report alleging, among other things, that the Company is over-reporting both revenue and profit. Citing site visits and more than 40 interviews, the report stated that [w]hat real profit the company has is apparently being siphoned off to related parties. The report also concluded revenue is ove
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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.
Specifically, the plaintiff references an investigative report by J Capital Research that claims Bit Digital simply lied about having Bitcoin mining farms in operation across China. The firmâs website claims to have over 40,000 mining rigs currently in operation, exerting a hash rate of 2,253 petahashes per second, having successfully mined over 1,500 BTC since the beginning of 2020.
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LOS ANGELES, Ca., Jan. 22, 2021 /PRNewswire/ Glancy Prongay & Murray LLP ( GPM ) reminds investors of the upcoming
February 19, 2021 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired ACM Research, Inc. ( ACM Research or the Company ) (NASDAQ:
March 6, 2019 and October 7, 2020, inclusive (the Class Period ).
If you suffered a loss on your ACM Research investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at https://www.glancylaw.com/cases/acm-research-inc/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at [email protected] to learn more about your rights.
Investors File Class Action Suit Against Bitcoin Miner Bit Digital
Last Updated: 22 January 2021
Publicly traded crypto miner Bit Digital is the latest in the industry to get hit with a class-action lawsuit from investors. According to a recent filing with the Southern District Court of New York, the Nasdaq-listed company’s investors are suing for fraud.
No Chinese Presence
In their suit, Bit Digital’s investors allege that the mining company had made misleading comments in its filings, deliberately lying about the size of its mining capacity. Bit Digital had reportedly claimed to have 22,869 mining rigs in China, when in reality, its capacity was much lower.