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Butterfly Labs Resumes Services Following Court’s Approval

Avatar Gola Yashu 4 years ago

Bitcoin mining hardware supplier Butterfly Labs resumed its business operations this week following the court’s permission. The Missouri-based company was shut downed since September 2014, following a complaint made by the Federal Trade Commission (FTC).

However on December 12, 2014, the US District Court rejected the FTC’s appeal and allowed Butterfly Labs to continue operations. The court further handed the company’s assets back to its rightful owners upon completion of the wind-down. Butterfly later took its website to express its homecoming to customers, and wrote:

“We remain as committed as ever to serving you, our customer, to the best of our capabilities going forward. However, after more than three months of closure or severely limited operations we need to assess the status of all aspects of our business and determine the damage caused; we ask that you please be patient as we restart full operations and try to mitigate the impact of the shutdown.”

The company further revealed a roadmap, following which they will be addressing a number of issues related to on-time shipping of Monarch Bitcoin mining hardware, and refund requests. “Monarchs are currently shipping,” the blogpost said. “We will notify any customers with orders ready for shipment to select whether they would prefer to take delivery of equipment or submit a request for a refund.” Accepting the hardware, as ensured by the company, will provide customers with a special discount.

In the meantime, Butterfly Labs also sent activation emails to customers with pending services requests. The company’s temporary cloud mining service however has been terminated.

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