Bitcoin

Proton Management has stated that Swan Bitcoin does not have its own mining business, but only a minority stake in 2040 Energy, funded by <a href="https://ultramining.com/news/en/bitcoin-miners-set-for-a-tough-ride-as-2024-halving-nears-jp-morgan/">Tether</a>. Proton asserts that Swan's allegations of intellectual property theft are unfounded. 
According to Proton, Swan owns only 15% of 2040 Energy's shares, and therefore cannot claim exclusive rights in mining. Proton Management has invested $25 million in expanding its mining capacities and plans to increase <a href="https://ultramining.com/news/en/impending-bitcoin-halving-may-trigger-major-hashrate-decline-say-experts/">hashrate</a> by 50% next year. 
The legal battle between Swan and Proton continues, and experts believe that the court's decision could impact the entire crypto mining market.

Proton Management Claims Swan Has No Mining Business, Only Stake in Tether-Funded 2040 Energy

Ultramining_Eng

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