Bitmine AG, the Swiss Bitcoin mining hardware producer which CCN recently reported was facing multiple lawsuits in regards to undelivered hardware and broken promises, has declared bankruptcy in the Swiss city of Bellinzona.
In a lengthy note posted to their website, Bitmine explained their insolvency, complete with a breakdown of costs versus income. Cold comfort for the customers who never received their hardware at all, of course, and in most countries, bankruptcy means that all creditors are basically out of luck. In the case of a company taking pre-orders, it seems that’s really what the customers were: creditors, investing their money in a company which turned out to be risky and shifty.
Source: https://www.cryptocoinsnews.com/bitcoin-mining-hardware-producer-bitmine-declares-bankruptcy/
A lot of interesting news in these days, will bitcoin as technology (& not) will be affected? What do you think?
Topic: [2015-05-30] Bitcoin mining hardware producer bitmine declares bankruptcy (Read 519 times)
May 30, 2015, 03:57:07 AM
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