$5 Million Lawsuit Claims Bitmain Mined at Expense of U.S. Customers

Gor Gevorkyan, a Los Angeles resident, has filed a lawsuit against Bitmain for allegedly mining cryptocurrency at his expense. The class action claims that bitcoin mining giant had redesigned its ASIC devices “to mine cryptocurrency for the benefit of itself rather than its customers who purchase the products”.

Gor Gevorkyan, a Los Angeles resident, has filed a lawsuit against Bitmain for allegedly mining cryptocurrency at his expense. The class action claims that bitcoin mining giant had redesigned its ASIC devices “to mine cryptocurrency for the benefit of itself rather than its customers who purchase the products”.

Bitmain Allegedly Used Customers Resources to Mine Crypto, Says Lawsuit

Defendant Bitmain Technologies is headquartered in Beijing, China, but the Northern California court has jurisdiction over this action because of the amount the plaintiff seeks in damages, which exceeds $5 million, exclusive of interests, fees, and costs.

Gevorkyan says he purchased ASIC devices from Bitmain in January 2018, including an AntMiner S9, with the purpose of mining cryptocurrencies for his own benefit. The lawsuit alleges that the devices were mining digital currencies for the benefit of Bitmain with Gevorkyan’s resources, while he attempted to properly configure them.

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