Lawsuit alleges that Bitmain faked contract breaches
A hosting provider, Old Const, has filed a lawsuit against Bitmain, the world’s largest producer of bitcoin mining equipment, alleging Bitmain inappropriately terminated the agreement between the firms. Old Const, which bought Bitmain’s “HASH Super Computing Server” and agreed to provide hosting services, claims Bitmain “fabricated purported breaches in order to terminate the agreement immediately.” In addition, Old Const claims Bitmain threatened to seek a seizure order, called a “writ of replevin,” outside of Texas jurisdiction. By doing this, it claims Bitmain violated the Hosting Services Agreement that the two firms entered into in November 2024, which required any legal dispute to be settled in Texas. Old Const’s lawsuit seeks a Temporary Restraining Order and an injunction ordered by the court that would prevent Bitmain from obtaining any seizure order from a court outside of Texas. Otherwise, Old Const says Bitmain will “unlawfully” try a...