Court Denies Bitmain $30M in Damages From Co-Founders of Rival Poolin
A court in China has denied an appeal by bitcoin mining giant Bitmain seeking $30 million in damages from the three co-founders of mining pool rival Poolin.
The publicly traded bitcoin miner aims to quadruple its current hashrate by mid-2021.
The Nasdaq-listed mining manufacturer dropped 2% in Q3.
This marks the second 10,000+ machine order from Marathon since August.
A new twist in the power struggle at Bitmain: Co-founder Jihan Wu has regained the legal representative status of the bitcoin mining giant.
With bitcoin lawsuits in the news and SushiSwap's migration completed, CoinDesk’s Markets Daily is back for your latest crypto news roundup!