Crypto Chip Company Katena Wins Lawsuit Filed by Bitcoin Miner Coinmint

Crypto Chip Company Katena Wins Lawsuit Filed by Bitcoin Miner Coinmint


Crypto technology firm Katena Computing didn’t trick miner Coinmint into a $150 million purchase agreement, a panel of arbitrators ruled last month in the mining company’s suit against Katena and a semiconductor company called DX Corr.

Coinmint alleged in a lawsuit filed last year that Katena and DX Corr conspired to trick it into purchasing $150 million worth of bitcoin mining machines that were never delivered. Coinmint, in the suit, claimed that Katena bribed or otherwise influenced Coinmint’s former chief financial officer, Michael Maloney, to secure the sale, knowing full well it wouldn’t be able to deliver mining chips it was still developing. The mining company demanded $23 million it had paid to Katena

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