Faes & Company (London) Limited v. Blockware Solutions, LLC

  1. August 07, 2023

    Fintech Co. Drops Ill. Bitcoin Mining Dispute

    Financial technology investment firm Faes & Co. (London) Ltd. dismissed its breach of contract suit against bitcoin miner Blockware Solutions LLC in a joint stipulation filed in Illinois federal court, which recently ordered it to take its claims to arbitration instead.

  2. June 02, 2023

    Ill. Judge Orders Arbitration Over Bitcoin Mining Dispute

    A federal judge in Chicago is forcing fintech investment company Faes & Co. to arbitrate its allegations that a bitcoin miner it hired in October 2021 is no longer generating the valuable cryptocurrency, saying Faes tacitly agreed to a contract with a broad arbitration clause.