{"id":458895,"date":"2021-03-16T11:03:08","date_gmt":"2021-03-16T15:03:08","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=458895"},"modified":"2021-03-16T11:03:08","modified_gmt":"2021-03-16T15:03:08","slug":"glancy-prongay-murray-llp-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-bit-digital-inc-btbt-5","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/glancy-prongay-murray-llp-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-bit-digital-inc-btbt-5\/","title":{"rendered":"Glancy Prongay &amp; Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Bit Digital Inc. (BTBT)"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"left\">LOS ANGELES, March  16, 2021  (GLOBE NEWSWIRE) &#8212; <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=cQIm9OvrMrotmciIilFjsSifmUhc4lo85bAbss6_ufAmBPjVhVcf5YahOLDz5NswiASSHIZr6nfyIffW4iT3FzNsweWg9DBOSlmMSPDiivo=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Glancy Prongay &amp; Murray LLP<\/a> (\u201cGPM\u201d) reminds investors of the upcoming\u00a0<strong>March 22, 2021<\/strong><strong>\u00a0<\/strong>deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Bit Digital Inc. (\u201cBit Digital\u201d or the \u201cCompany\u201d) (NASDAQ: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=nw7YDju-Tsq5-Qo-hDwT1H-82cCixBVNe_BDxKItMdnI8d19zIuepk10kdAFD-J99jeSTsNqWFEa4Ev2MomO-w==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">BTBT<\/a>) securities between <strong>December 21, 2020 and January 8, 2021<\/strong>, inclusive (the \u201cClass Period\u201d).<\/p>\n<p>If you suffered a loss on your Bit Digital investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Y6sdLiM2ylXyDPBIUJi_POoJN60R4sM5-WuMA97zvs2bejQB2QE-VgSna54xVbxAZfXbYYio1xkFOggT7Fg0MM0nSmJSLwPdz6GaZ5aHbkLB1UdawUEXNv0G1KYqsYV6Ytock_KDcEapqnA4wMHbuB0VIpJ1MDjyfhPwLSeA2bM=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">https:\/\/www.glancylaw.com\/cases\/bit-digital-inc\/<\/a>. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=SQ9qaqkErVHWbOfjdST3-oxEJkdjIIh6gpGUjpTyYYt_gjS1Kf5ZFuo-becF8Duxc4uVHXdGKxGPDE9PYcliOsGih9WL86YpI0ubUY8k1gCrKnXzraFINQQOHoJ1mhQJ\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">shareholders@glancylaw.com<\/a> to learn more about your rights.<\/p>\n<p>On January 11, 2021, J Capital Research issued a research report alleging, among other things, that Bit Digital operates \u201ca fake crypto currency business\u201d \u201cdesigned to steal funds from investors.\u201d Though the Company claims \u201cit was operating 22,869 bitcoin miners in China,\u201d J Capital alleged that \u201cis simply not possible\u201d and stated that \u201c[w]e verified with local governments supposedly hosting the BTBT mining operation that there are no bitcoin miners there.\u201d<\/p>\n<p>On this news, Bit Digital\u2019s stock price fell $6.27 per share, or 25%, to close at $18.76 per share on January 11, 2021, on unusually heavy trading volume.<\/p>\n<p>Throughout the Class Period, Defendants made materially false and\/or misleading statements, as well as failed to disclose material adverse facts about the Company\u2019s business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) that Bit Digital overstated the extent of its a bitcoin mining operation; and (2) that, as a result of the foregoing, Defendants\u2019 positive statements about the Company\u2019s business, operations, and prospects were materially misleading and\/or lacked a reasonable basis.<\/p>\n<p>Follow us for updates on <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=leoiPJS_UlyStrf7MixOOKKT85Qt9PdpMPM8_cjv-GNrl3pIMhm654MkMoamEg5Lw5E5G9K8WDBy3Bv-mBytsL_pc1H043lFeaFjjFUEmHLhISGFXGIaoo8zC1Ndgp9X\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">LinkedIn<\/a>, <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=kNjKYPe8O6qJcZ9iWCd7ET3fUyjGNxC9nz4gMqlJm_a0ArVk5NMn4qVXg2ERumxlroDFiVFsLLQjGO_uqoaiVg==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Twitter<\/a>, or <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=qUCc2lXrEpfhuxZyB_8RD8sk951dyyDMRlxfByHWeIWH5tekoLu17FzmrB-2l9rikzbTVqkpi9tj73a1-7tK1s47p7G15J7Xb1WOKSnWcTE=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Facebook<\/a>.<\/p>\n<p>If you purchased or otherwise acquired Bit Digital securities during the Class Period, you may move the Court no later than\u00a0<strong>March 22, 2021 <\/strong>to request appointment as lead plaintiff in this putative class action lawsuit. To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to\u00a0learn more\u00a0about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to the pending class action 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 email to <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=SQ9qaqkErVHWbOfjdST3-oxEJkdjIIh6gpGUjpTyYYtXmDMqFRPFZtZqwlZ4swm91oj04XEoczgburCVJtSRLKVtQQjaVLNcKea60j6prBo4OORSLdFFVl4l0ile108A\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">shareholders@glancylaw.com<\/a>, or visit our website at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=JXtgsdrENX3DxpRivK8Mbt-4Y9Yqh5DT93WfC3Obx92pGUJs4D_VGD-uxkg_oysBDn8qjOhs9g0vH7kQNPvpgQ==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.glancylaw.com<\/a>. If you inquire by email please include your mailing address, telephone number and number of shares purchased.<\/p>\n<p>This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.<\/p>\n<p>\n        <strong>Contacts <\/strong><br \/>\n        <br \/>Glancy Prongay &amp; Murray LLP, Los Angeles <br \/>Charles Linehan, 310-201-9150 or 888-773-9224 <br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=SQ9qaqkErVHWbOfjdST3-oxEJkdjIIh6gpGUjpTyYYv_HWOIIflhHkEtpGwla6BxVe7NK_9ZdoLgqU0sdaeEthfAlPx_F26kY-a_Am55h65EJZ535ahoplRNl8HfzSZI\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">shareholders@glancylaw.com<\/a><br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=JXtgsdrENX3DxpRivK8Mbjlu6YFXx2jP4UGEBWboocGmXl2tf6oWG7U9Bo9m_TJxFoR0fi2UaBOB6zvaW4hdIg==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.glancylaw.com<\/a><\/p>\n<p \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE5MDQ1MiM0MDY1MjI0IzIwMTcyOTE=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/21d8ad7a-3dfb-4de1-aafa-a43aa749a828\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>LOS ANGELES, March 16, 2021 (GLOBE NEWSWIRE) &#8212; Glancy Prongay &amp; Murray LLP (\u201cGPM\u201d) reminds investors of the upcoming\u00a0March 22, 2021\u00a0deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Bit Digital Inc. (\u201cBit Digital\u201d or the \u201cCompany\u201d) (NASDAQ: BTBT) securities between December 21, 2020 and January 8, 2021, inclusive (the \u201cClass Period\u201d). If you suffered a loss on your Bit Digital investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at https:\/\/www.glancylaw.com\/cases\/bit-digital-inc\/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at shareholders@glancylaw.com to &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/glancy-prongay-murray-llp-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-bit-digital-inc-btbt-5\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Glancy Prongay &amp; Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Bit Digital Inc. (BTBT)&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-458895","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Glancy Prongay &amp; Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Bit Digital Inc. (BTBT) - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/glancy-prongay-murray-llp-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-bit-digital-inc-btbt-5\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Glancy Prongay &amp; Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Bit Digital Inc. (BTBT) - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"LOS ANGELES, March 16, 2021 (GLOBE NEWSWIRE) &#8212; Glancy Prongay &amp; Murray LLP (\u201cGPM\u201d) reminds investors of the upcoming\u00a0March 22, 2021\u00a0deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Bit Digital Inc. (\u201cBit Digital\u201d or the \u201cCompany\u201d) (NASDAQ: BTBT) securities between December 21, 2020 and January 8, 2021, inclusive (the \u201cClass Period\u201d). If you suffered a loss on your Bit Digital investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at https:\/\/www.glancylaw.com\/cases\/bit-digital-inc\/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at shareholders@glancylaw.com to &hellip; Continue reading &quot;Glancy Prongay &amp; Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Bit Digital Inc. 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(BTBT) - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/glancy-prongay-murray-llp-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-bit-digital-inc-btbt-5\/","og_locale":"en_US","og_type":"article","og_title":"Glancy Prongay &amp; Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Bit Digital Inc. (BTBT) - Market Newsdesk","og_description":"LOS ANGELES, March 16, 2021 (GLOBE NEWSWIRE) &#8212; Glancy Prongay &amp; Murray LLP (\u201cGPM\u201d) reminds investors of the upcoming\u00a0March 22, 2021\u00a0deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Bit Digital Inc. (\u201cBit Digital\u201d or the \u201cCompany\u201d) (NASDAQ: BTBT) securities between December 21, 2020 and January 8, 2021, inclusive (the \u201cClass Period\u201d). If you suffered a loss on your Bit Digital investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at https:\/\/www.glancylaw.com\/cases\/bit-digital-inc\/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at shareholders@glancylaw.com to &hellip; Continue reading \"Glancy Prongay &amp; Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Bit Digital Inc. 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