Bitmain Accuses Orb Energy of Misappropriating Bitcoin and Damaging Mining Machines

On September 10, according to Theminermag, Bitmain has filed a request with a U.S. bankruptcy court to reclaim thousands of bitcoin miners it had entrusted to Orb Energy, accusing the Texas-based company of misappropriating digital assets, obstructing access, and damaging equipment worth millions of dollars. In an emergency motion filed on August 27, Bitmain stated that, under the hosting sales agreement, the 2,700 Antminer servers located at Orb Energy's Van Vleck facility remain Bitmain's property and should not be included in Orb's bankruptcy assets.