- Old Const has filed a lawsuit against Bitmain over the sudden termination of a business agreement involving Bitcoin mining equipment.
- Old Const alleges that Bitmain invented contract violations as a reason to cancel the contract.
- The lawsuit claims Bitmain tried to use legal procedures outside Texas, contrary to their agreement.
- Old Const seeks a court order to prevent Bitmain from seizing mining equipment through non-Texas courts.
- The dispute follows a separate 2024 legal conflict where Bitmain sued another Hosting partner over equipment and contract issues.
Old Const, a company that hosts bitcoin mining equipment, has taken legal action against Bitmain, the world’s largest maker of bitcoin mining machines. The lawsuit alleges that Bitmain wrongfully ended their agreement, which was signed in November 2024, and attempted to bypass the agreed legal process for settling disputes.
According to Old Const, the companies had an arrangement for the purchase and hosting of Bitmain’s “HASH Super Computing Server.” Old Const claims that Bitmain fabricated contract breaches to justify ending the agreement on short notice. The hosting provider further alleges that Bitmain tried to secure a writ of replevin—a court order to seize property—outside of Texas, even though their contract specified all legal matters should be handled in Texas.
In its lawsuit, Old Const is asking the court for a Temporary Restraining Order and an injunction. These actions would prevent Bitmain from taking the mining equipment through courts not located in Texas. Old Const maintains that without such court intervention, Bitmain may try to take possession of the mining servers that are essential to its business.
Old Const is also seeking compensation for any legal costs or damages caused by this conflict. The company requests that any disputes unrelated to immediate equipment seizure be settled by arbitration, which is a private way of resolving conflicts outside of court.
Bitmain, founded by Jihan Wu, leads the global market for bitcoin mining equipment. In 2024, Bitmain also took legal steps against another hosting firm, JWKJ Technologies, alleging that JWKJ failed to meet operational standards and redirected mining power for personal gain. Bitmain accused JWKJ of detaining $15 million worth of its equipment after the partnership ended. For more background, see Bitmain’s plans to expand its U.S. operations in this report.
The legal battle between Old Const and Bitmain focuses on control over valuable mining equipment and the terms of their business relationship. The case is ongoing, with court decisions expected in the coming months.
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