ASIC Developer Bitmine AG Goes Bankrupt, Faces Lawsuits

By June 6, 2015Bitcoin Business

Swiss ASIC miner developer Bitmine AG was officially declared bankrupt by the local court of Bellinzona, Switzerland, in May 2015. All accounts, assets and company documents have been handed over to the Swiss justice ministry and are under investigation.

In an open letter released on the official website of Bitmine AG, the company’s management claimed that Bitmine AG had tried to restructure its products and services by seeking new investments. It failed, however, to raise […]

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