Glancy Prongay & Murray LLP, a Primary Securities Fraud Law Organization, Announces Investigation of Bit Electronic Inc. (BTBT) on Behalf of Buyers

LOS ANGELES–(Business WIRE)–Jan 13, 2021–

Glancy Prongay & Murray LLP (“GPM”), a foremost countrywide shareholder rights legislation business, these days declared that it has commenced an investigation on behalf of Bit Electronic Inc. (“Bit Digital” or the “Company”) (NASDAQ: BTBT ) investors about the Company’s feasible violations of the federal securities guidelines.

If you experienced a loss on your Little bit Digital investments or would like to inquire about potentially pursuing promises to recuperate your reduction less than the federal securities guidelines, you can submit your get in touch with facts at bit-electronic-inc/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or by means of e-mail at [email protected] to understand a lot more about your legal rights.

On January 11, 2021, J Funds Analysis issued a exploration report alleging, between other factors, that Bit Electronic operates “a fake crypto currency business” “designed to steal cash from buyers.” Even though the Company claims “it was working 22,869 bitcoin miners in China,” J Capital alleged that “is simply not possible” and said that “[w]e verified with local governments supposedly internet hosting the BTBT mining operation that there are no bitcoin miners there.”

On this news, Little bit Digital’s inventory price fell $6.27 for every share, or 25%, to shut at $18.76 per share on January 11, 2021.

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Whistleblower See: Individuals with non-community information and facts with regards to Bit Electronic should really take into consideration their possibilities to support the investigation or consider gain of the SEC Whistleblower Plan. Below the program, whistleblowers who deliver primary facts may obtain rewards totaling up to 30 p.c of any productive restoration built by the SEC. For extra information, phone Charles H. Linehan at 310-201-9150 or 888-773-9224 or electronic mail [email protected].

About GPM

Glancy Prongay & Murray LLP is a leading legislation organization representing buyers and customers in securities litigation and other sophisticated course action litigation. ISS Securities Course Action Expert services has regularly ranked GPM in its yearly SCAS Prime 50 Report. In 2018, GPM was ranked a top rated five legislation business in number of securities course action settlements, and a major 6 regulation firm for full greenback sizing of settlements. With four offices across the nation, GPM’s practically 40 attorneys have won groundbreaking rulings and recovered billions of dollars for buyers and customers in securities, antitrust, shopper, and employment course actions. GPM’s attorneys have taken care of circumstances covering a extensive spectrum of corporate misconduct like conditions involving money restatements, inside management weaknesses, earnings administration, fraudulent earnings steering and forward hunting statements, auditor misconduct, insider investing, violations of Fda rules, actions resulting in Fda and DOJ investigations, and quite a few other types of corporate misconduct. GPM’s lawyers have worked on securities conditions relating to approximately all industries and sectors in the money marketplaces, which includes, energy, purchaser discretionary, purchaser staples, serious estate and REITs, money, insurance policy, information and facts technology, health and fitness treatment, biotech, cryptocurrency, health-related units, and many extra. GPM’s previous successes have been widely included by leading news and business publications this kind of as The Wall Avenue Journal, The Fiscal Times, Bloomberg Businessweek, Reuters, the Related Push, Barron’s, Investor’s Small business Daily, Forbes, and Money.

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Get in touch with: Glancy Prongay & Murray LLP, Los Angeles

Charles H. Linehan, 310-201-9150 or 888-773-9224

1925 Century Park East, Suite 2100

Los Angeles, CA 90067

[email protected]


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Source: Glancy Prongay & Murray LLP

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