Bitmain, a mining equipment manufacturer, is facing a lawsuit from a former partner. Specifically, Old Const alleges that the firm pulled out of a hosting agreement without cause and is now trying to illegally reclaim its hardware.
Old Const filed this action in hopes of receiving a Temporary Restraining Order. Bitmain allegedly threatened to find a new jurisdiction to acquire a seizure order for the hardware in question.
Bitmain’s New Lawsuit Explained
2025 has been a good year for Bitmain’s US operations, despite its subsidiary being placed on a sanctions list in January. The firm secured a $314 million deal with the Trump-backed American Bitcoin and plans to formally establish US operations.
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However, it’s hitting a speed bump, as Bitmain now faces a lawsuit from Old Const, a US hosting provider:
“On August 22, 2025, Bitmain’s counsel sent Old Const a Notice of Termination as to all agreements including the HSA. The Notice of Termination was improper and a material breach of the parties’ agreements. Bitmain has fabricated purported breaches in order to terminate the agreement immediately,” the lawsuit claimed.
Specifically, the lawsuit claims that Bitmain tried to renege on several key clauses of a November 2024 agreement. Old Const agreed to purc
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Author: Landon Manning
