Hut 8 to Pay $2.35M to Settle Securities Lawsuit; Galaxy Invests in Digital Prime Technologies

According to ChainCatcher, Hut 8 Corp. (Nasdaq: $HUT) agreed to pay $2.35 million in cash to settle a securities class action lawsuit on June 23. The lawsuit, filed in U.S. District Court for the Southern District of New York, accused the company of failing to disclose infrastructure issues at its King Mountain Bitcoin mining facility in Texas during its 2023 acquisition of U.S. Bitcoin Corp., causing investor losses.

Galaxy Digital Inc. (Nasdaq: $GLXY) announced on the same day a strategic investment in Digital Prime Technologies, a securities lending technology platform. Digital Prime operates Tokenet, a platform developed with EquiLend that launched in May 2026 to bring institutional securities lending infrastructure and risk controls to digital asset lending markets.