Coindesk Logo

Coinmint Sues California Chipmaker for $23M, Alleging ‘Elaborate Deception’

Coinmint Sues California Chipmaker for $23M, Alleging ‘Elaborate Deception’

Coinmint Sues California Chipmaker for $23M, Alleging ‘Elaborate Deception’

The mining firm, which has been embroiled in several legal battles, describes an elaborate fraud scheme for a $150 million contract.

The mining firm, which has been embroiled in several legal battles, describes an elaborate fraud scheme for a $150 million contract.

The mining firm, which has been embroiled in several legal battles, describes an elaborate fraud scheme for a $150 million contract.

AccessTimeIconMay 26, 2023, 11:00 AM
Updated Apr 12, 2024, 5:12 PM
Coinmint's 10-megawatt facility in Skyway Plaza. (CoinDesk/Fran Velasquez)

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.