World’s Largest Bitcoin Mining Producer Faces Major Lawsuit

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. However, it’s hitting a speed bump, as Bitmain…