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Author Topic: What happened to Bitmain vs Great North Data legal battle?  (Read 388 times)
thomassan
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September 28, 2017, 11:08:53 AM
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http://www.cbc.ca/news/canada/newfoundland-labrador/great-north-data-bitmain-technologies-lawsuit-1.4084925

I was looking for a hosting service and found the news about Bitmain suing GND. Here's what I understand
- June 2016, GND agreed to host some 400-500 Bitmain's miners at a price.
- August 2016, GND emailed Bitmain saying they are having money problem and asked Bitmain for a prepayment. Bitmain prepaid 330k.
- Fall 2016, Bitmain shipped the miners to GND.
- Some time in between, GND had "operational issues", to the level that Bitmain was not happy with.
- Feb. 14, 2017, GND asked Bitmain to sell the miners hosting with them so that GND can host other clients at a "much higher rate".

Here's where it gets interesting. Based on GND's advice, Bitmain created an invoice to transfer ownership of the miners to GND for import duties and taxes purpose. GND didn't pay for the miners. GND now claimed they own the miners based on the invoice. "Bitmain states that GND's use of the invoice as a means to sell Bitmain's property without permission was unlawful and constitutes … civil fraud, theft and conversion."


So GND agreed to host 400-500 miners, didn't host them properly and ended up trying to steal the miners from Bitmain? Or is the news twisting some facts?
Anyone knows what happened afterward?  
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October 15, 2017, 10:43:10 PM
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update?
defyance
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December 12, 2017, 09:13:39 AM
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 yes, the company recommended bitmain issue an invoice for customs use, which in turn they used to claim they owned the equipment, and began selling them off after money issues insued.

Also, James Goodwin is also a lawyer with Rogers Rogers moyse.

Source: I'm from Newfoundland and share mutual friends with co-owner

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