Bitmain Customers File $5 Million Lawsuit, Claiming the Company Mined With Their Devices-9.79

Multiple Bitmain customers have filed a $5 million class action lawsuit against the mining giant in California. The suit alleges that Bitmain used mining devices customers had purchased to mine crypto for itself before customers set up the devices for their personal use. This meant using customers’ personal electricity for Bitmain’s profit, unbeknownst at the time to the customers.

The suit (which you can read here) was filed on November 19 by lead plaintiff Gor Gevorkyan, who lives in Los Angeles and had purchased multiple Bitmain products, including the AntMiner S9 in January 2018. The lawsuit includes more than 100 additional plaintiffs, while defendants include both Bitmain Inc., based in Palo Alto, and Bitmain Technologies, Ltd., based in Beijing. More than 100,000 Bitmain customers in the United States were believed to have been taken advantage of in this way by Bitmain, according to the lawsuit.

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