Hello All!

With recent speculations regarding Bitcoin's legal status and our association with GBMiners, we have been approached by multiple journalists in the past few weeks with respect to our association with the latter.

I would like to clarify the following with regard to the same:

a) In the past Darwin Labs has been a software vendor for GBMiners, and has had no other relationship with the entity in whatsoever capacity.

b) Darwin Labs, it's founders or employees are not associated with GBMiners anymore, which implies we are not even their software vendors anymore. We have absolutely no commercial/professional relationship with GBMiners or Amit Bhardwaj at all.

We have not done any harm to anyone during the period of our association, nor do we wish to pass judgements on someone else’s way of working but owing to the negative attention that our client has attracted in the recent past, we decided not to be associated with the firm/brand or its owner in any professional/technological capacity.

Bitcoin Mining requires a special hardware which stores and validates the transaction in Bitcoin's Blockchain. We are not subject experts on hardware operations involved in Mining or its economic viability and have very little understanding of the matter. It is our lack of understanding of the subject that led us to work for GBMiners as a software vendor without understanding their source of funds or their business model.

We still do not understand the workings of either GBMiners or an entity called GainBitcoin, which are rumoured to be both run by the same person, which gives us an opportunity to state that we have absolutely no relation whatsoever with GainBitcoin. We are not fully aware of the workings of GainBitcoin or even the relationship between GainBitcoin and GBMiners.

Regarding Satoshi Studios, we had, at a point raised money from Amit Bhardwaj, among other investors, but thankfully, before we could issue shares, we realised that accepting this money is not in the best interest of Satoshi Studios, hence, we have returned all the money and absolutely severed all professional/economic relations between Satoshi Studios and Amit Bhardwaj.

Satoshi Studios will now be funded by Darwin Labs.

To reiterate, Darwin Labs or any of its three founders, namely, Sahil Baghla, Ayush Varshney and Nikunj jain, or any of it's employees, have absolutely no commercial/professional relationship whatsoever with Amit Bhardwaj, GBMiners or GainBitcoin in any manner whatsoever.

Regarding Darwin Labs, we are building applications and infrastructures on Blockchain, Virtual Reality and Artificial Intelligence. We are building multiple products and services and helping other businesses to adopt to these technologies. And we shall continue to push the boundaries of innovation in these domains in the next few years.