Compass Mining grew quickly during crypto’s halcyon days. Now, its customers and their thousands of mining machines are stuck.
in the morning of June 13 when Bill Stewart, the CEO of Maine-based bitcoin mining business Dynamics Mining, received a call from one of his employees. “He's like, ‘Every machine inside of our facility in Brunswick [in Cumberland County, Maine] has been taken,’” Stewart says. “That's crazy. I couldn't believe it.”
A few days earlier, Dynamics had sent Compass a termination letter demanding payment, and shortly thereafter had switched the company’s machines off. Then, Compass Mining staffers had taken their equipment away from Brunswick, and they were about to enter the Lewiston plant to recover more machines. “They're trying to get inside the building,” Stewart says. “And I'm telling my brother, who runs our security, ‘Do not let them into the building.
On July 5 the Court granted Compass’ request to get its machines back, but underlined that that should happen following a formal request to unmount and relocate the machines. Stewart says that during the removal, Compass’ team also grabbed one of Dynamics’ own servers—that is confirmed in an email by one of Compass’ lawyers to Stewart, mentioning how the server had been “inadvertently scooped up” and asking how to return it.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Bitcoin mining stock report: Monday, August 1Here's how crypto mining companies performed on Monday, August 1.
Leer más »
In Texas, a strained grid braces for more crypto miningExtreme weather and energy-hungry businesses make for a dicey combination. Still, crypto companies receive “sweetheart” energy deals.
Leer más »
Bitcoin mining stock report: Tuesday, August 2Here's how crypto mining companies performed on Tuesday, August 2.
Leer más »
The Rise and Fall of a Bitcoin Mining SensationEven after a fallout with its own customers, Compass’ reputational damage is nothing compared with the more serious financial difficulties that many other bitcoin mining companies are facing. Via WIREDUK
Leer más »
The Rise and Fall of a Bitcoin Mining SensationEven after a fallout with its own customers, Compass’ reputational damage is nothing compared with the more serious financial difficulties that many other bitcoin mining companies are facing. Via WIREDUK
Leer más »