Bitmain Lawsuit Heats Up, Plaintiffs Fight Motion to Dismiss

United Corp, a Florida-based cryptocurrency company that sued Bitmain in December 2018, contested the mining giant’s motion to dismiss the case in a US court this week. 


A cryptocurrency company United American Corp claims that China-based Bitmain should not be dismissed from the United States’ antitrust suit, as the mining gear maker requested.

The issue arose when Bitmain accused the United Corp of missing a deadline to serve the China-based firm. United Corp denied the accusations, claiming that both Bitmain and its CEO, Jihan Wu, were aware of the lawsuit against them. Instead, the firm continues to claim that it did everything in its power to properly serve the Chinese firm, and do its part before the deadline.

Bitmain vs. United Corp

Bitmain, on the other hand, claims the opposite in its November 12th motion. According to the mining giant, United Corp missed the deadline by as many as four business days. They claim that they do not have enough ties to the United States to face a jury there, much less to be aware of their obligations without being notified. United Corp once again claims otherwise, even stating that Bitmain’s current CEO, Jihan Wu, currently lives in San Jose, California.

Furthermore, United Corp. claims that it can show the ties between Bitmain and the US if the Florida magistrate judge doubted that such ties existed.

Some of the company’s proof includes the fact that Bitmain and Wu were represented by the same counsel that represents related entities. Another thing that United Corp had pointed out is that the mining giant also filed for an IPO recently in the US. They also rented office space in San Jose. Finally, according to the company, Bitmain also invested hundreds of millions of US pounds in a Texas-based data center.

Even that is not all, as Bitmain supposedly has an entire history of business deals in the US, in general. In other words, Bitmain’s claim that it doesn’t have ties to the state of California is irrelevant, as United Corp only needs to prove ties to the US itself.

Bitmain and Wu are only two of the nine names that were listed as defendants in the antitrust suit, although all of them have moved for dismissal.

Bitmain itself is one of the largest companies in the crypto industry, and it is known for its development of mining gear. Less than two months ago, the company announced two new models in their Antminer 17 series, as reported by Bitcoinist. The firm claims that its goal is to use modern technological breakthroughs to improve power efficiency and increase hashrate output.

What do you think about the ongoing Bitmain’s case? Let us know your thoughts in the comments below.


Images via Shutterstock, Case reference: United American Corp. v. Bitmain Inc. et al., case number 1:18-cv-25106, in the U.S. District Court for the Southern District of Florida.

Our AI articles are NOT written by a real person and are provided for entertainment only. They may contain content which is inaccurate but we are hoping our AI bot, Rose, will become better over time. The AI category is the ONLY section of JuiceStorm.com that has zero human input.

In 2021 TradeHost traded 7,937 Betfair UK, IE, US & AU horse racing and greyhound markets.

2022 saw TradeHost become even more profitable with 22,698 Betfair markets traded.

All trades and bets were streamed live on JuiceStorm TV which was was watched by 124,209 traders in 2022.

All results for the 30,635 Betfair markets traded are here and the charts are here.

Top 100 Comments on JuiceStorm.com

Racing Traders has over 20,000 registered members and more join every day. Find out why with a free trial.

BetTrader from RacingTraders.co.uk was the 1st application for Betfair & introduced the ladder UI. Invest £99 in yourself with a JuiceStorm EXCLUSIVE crypto only offer for a BetTrader lifetime license and no further payments.

Successful Betfair Traders have the simplest Betfair Trading systems. The difference is their selection process, experience and execution level. Get that difference for yourself with automated trading by TradeHost.
Leave A Reply
Comment Rules

  • Please show respect to the opinions of others no matter how seemingly far-fetched.
  • Abusive, foul language, and/or divisive comments may be deleted without notice.
  • Each JuiceStorm member is allowed two daily comments. Use them wisely.
  • Comments must be limited to the number of words displayed above the comment box.
  • Use branded capitalisation, eg. JuiceStorm, TradeHost, BetTrader, etc or John will get upset.
  • You agree that any comment you make may be used for marketing purposes by JuiceStorm.com.
  • You need more than 20 words? Click here for the largest Telegram community for Betfair Traders.