LOS ANGELES, Feb. 8, 2021 /PRNewswire/ — Glancy Prongay & Murray LLP (“GPM”) reminds buyers of the upcoming March 22, 2021 deadline to file a lead plaintiff movement within the class motion filed on behalf of buyers who bought or in any other case acquired Bit Digital Inc. (“Bit Digital” or the “Firm”) (NASDAQ: BTBT) securities between December 21, 2020 and January 8, 2021, inclusive (the “Class Interval”).
In case you suffered a loss in your Bit Digital investments or wish to inquire about probably pursuing claims to recuperate your loss underneath the federal securities legal guidelines, you may submit your contact data at https://www.glancylaw.com/cases/bit-digital-inc/. You too can contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or through e mail at firstname.lastname@example.org to be taught extra about your rights.
On January 11, 2021, J Capital Analysis issued a analysis report alleging, amongst different issues, that Bit Digital operates “a pretend crypto forex enterprise” “designed to steal funds from buyers.” Although the Firm claims “it was working 22,869 bitcoin miners in China,” J Capital alleged that “is just not potential” and acknowledged that “[w]e verified with native governments supposedly internet hosting the BTBT mining operation that there aren’t any bitcoin miners there.”
On this information, Bit Digital’s inventory worth fell $6.27 per share, or 25%, to shut at $18.76 per share on January 11, 2021, on unusually heavy buying and selling quantity.
All through the Class Interval, Defendants made materially false and/or deceptive statements, in addition to didn’t disclose materials adversarial details in regards to the Firm’s enterprise, operations, and prospects. Particularly, Defendants didn’t open up to buyers: (1) that Bit Digital overstated the extent of its a bitcoin mining operation; and (2) that, because of the foregoing, Defendants’ constructive statements in regards to the Firm’s enterprise, operations, and prospects have been materially deceptive and/or lacked an inexpensive foundation.
In case you bought or in any other case acquired Bit Digital securities in the course of the Class Interval, chances are you’ll transfer the Courtroom no later than March 22, 2021 to request appointment as lead plaintiff on this putative class motion lawsuit. To be a member of the category motion you needn’t take any motion right now; chances are you’ll retain counsel of your alternative or take no motion and stay an absent member of the category motion. In case you want to be taught extra about this class motion, or when you have any questions regarding this announcement or your rights or pursuits with respect to the pending class motion lawsuit, please contact Charles Linehan, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by e mail to email@example.com, or go to our web site at www.glancylaw.com. In case you inquire by e mail please embody your mailing tackle, phone quantity and variety of shares bought.
This press launch could also be thought-about Lawyer Promoting in some jurisdictions underneath the relevant legislation and moral guidelines.
Glancy Prongay & Murray LLP, Los Angeles
Charles Linehan, 310-201-9150 or 888-773-9224
View unique content material to obtain multimedia:http://www.prnewswire.com/news-releases/glancy-prongay–murray-llp-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-bit-digital-inc-btbt-301223543.html
SOURCE Glancy Prongay & Murray LLP