They demanded $ 5 million in Bitmain: they accused them of mining with equipment that CryptoNews had sold


The legal profession confirms that Gevorkyan is an ASIC Bitmain user since January this year, when he bought different equipment, including Antminer S9. According to Gevorkyan, the product is difficult to configure, so this process takes a long time.

Although not mentioning the exact amount of time, the plaintiff must prepare a miner, legal action against Bitmain also ensures that this new practice adds additional costs to the initial operation of each device.

In fact, the plaintiffs are seeking compensation for economic damage due to violations of the Unfair Competition Law (UCL), with behavior that "violates public policy, is immoral, unethical, oppressive and immoral." Therefore, the lawyer requested compensation of $ 5 million.

The lawsuit also includes accusations such as enrichment and illegal conversion. In this case, the company stated that the company "did not mine with its client's equipment". In addition, he added that, taking into account that mining is only a small part of his business, "Bitmain has less incentive to do so than sending equipment as soon as possible to fulfill confirmed orders".

The action against Bitmain is being processed for two registered companies from the company. One in Delaware, the United States and another in Beijing, China.

Bitmain, a year full of setbacks

The lawsuit against the mining hardware company was issued shortly after rumors of the elimination of Jihan Wu as CEO of Bitmain, and after several setbacks with the Initial Public Offering.

In addition, the latest profitability of equipment released, Antminer S15 and T15, both with 7nm chips, is doubtful, because until now the company is not yet clear about the performance of this device.

It is currently unknown how the court will process this request.

Featured image from BestStock Photo /


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