Blockware sued over alleged misrepresentation of miners' performance
The plaintiff claims losses of $250,000 and seeks compensatory and punitive damages.
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London-based Faes & Company filed a complaint against crypto mining firm Blockware Solutions LLC on Dec. 17, claiming it misrepresented the performance capability of its miners and lacked adequate power access to keep the machines running.
Plaintiffs allege losses of $250,000 and are seeking compensatory and punitive damages.
According to the complaint, the parties entered into contracts in October 2021 for Faes to buy $525,000 worth of Bitcoin miners and related hosting services. As part of the agreement, Blockware would host Faes' miners at one of its server facilities, which it allegedly owns and operates for a monthly hosting fee and energy costs.
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