Bitcoin miner Hut 8 has filed a motion in court to dismiss a class action lawsuit by its shareholders, which it says was triggered by a sell short report alleging it overpaid for a company with serious operational problems. In a December 2 filing in federal court in New York, Hut 8 said J Capital Research, the short seller, engaged in "an activity to depress Hut 8's share price for its own benefit". The company's programming: "This case stems from the sell shorts' attempt to obtain monetary gains from their short positions in Hut 8 at the expense of ordinary shareholders. These'sell shorts and distort 'schemes are often accompanied by shareholder class actions that repeat the sell shorts' negative views and refer to the report as a'corrective 'disclosure." J Capital Research released a report in January claiming that Hut 8 overstated the profitability of its acquisition of US Bitcoin Corp (USBTC), concealed operational problems at a Texas plant, and may have hidden ownership stakes.