The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Bit Digital, Inc. (NASDAQ: BTBT) who purchased shares between December 21, 2020 and January 8, 2021. The action, which was filed in the United States District Court for the Southern District of New York, alleges that the Company violated federal securities laws.
In particular, the Bit Digital lawsuit alleges that (1) Bit Digital overstated the extent of its a bitcoin mining operation; and (2) as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Shareholders have until March 22, 2021 to petition the court for lead plaintiff status. Your ability to share in any recovery does not require that you serve as lead plaintiff. You may choose to be an absent class member.
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