NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin, XRP, Ethereum Dip Post Fed's Rate Cut: What’s Next For Crypto?
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin, XRP, Ethereum Dip Post Fed's Rate Cut: What’s Next For Crypto?

Butterfly Labs Resumes Services Following Court’s Approval

Yashu Gola
Yashu Gola
Last Updated: June 11, 2024 4:11 pm
2 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

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.

Tweet123Share196ShareSend
Yashu Gola
Yashu Gola

Yashu Gola

Yashu Gola is a Mumbai-based finance journalist. He is profoundly active in the bitcoin space since 2014 – and has contributed to several cryptocurrency media outlets, including NewsBTC, FxDailyReport, Bitcoinist, and CCN.

Read more

Academically, Yashu holds a bachelor's in information technology, with majors in data structures and C++ programming language. He has also won the 'Atulya Award' for his efforts towards raising $100,000 for an India-based farming project.

Close

Comments 1

  1. John McKinley says:
    11 years ago

    Butterfly Labs Resumes Rip-off. If anybody is still interested in mining, bar none Spoondoolies Tech is the way to go. I got my rig from them in 2 days flat with none of that preorder nonsense. They have a solid team of honest engineers and developers with some that even used to work for Intel. They are also working on developing a chip that actually allows customers to verify the amount of hashing power they are actually getting, just in case a cloud mining company tries to pull a fast one. IMHO they are definitely worth a look!

    Also, check out the youtube channel “Bits Be Trippen” for their Spoondoolies Tech rig review.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Comments 1

  1. John McKinley says:
    11 years ago

    Butterfly Labs Resumes Rip-off. If anybody is still interested in mining, bar none Spoondoolies Tech is the way to go. I got my rig from them in 2 days flat with none of that preorder nonsense. They have a solid team of honest engineers and developers with some that even used to work for Intel. They are also working on developing a chip that actually allows customers to verify the amount of hashing power they are actually getting, just in case a cloud mining company tries to pull a fast one. IMHO they are definitely worth a look!

    Also, check out the youtube channel “Bits Be Trippen” for their Spoondoolies Tech rig review.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Whale koopt $28M ETH - wat weet deze whale over alt season?

ETH oprichter tweet over nieuwe crypto – enorme 50% pump dezelfde dag

Na een tweet van Ethereum-oprichter Vitalik Buterin steeg de ZK-token van ZKsync met meer dan 50%. Waarom had zijn steun...

Lars Diederiksen 2 hours ago

Ethereum bloccato in un ristretto intervallo di prezzo — Livelli da tenere d’occhio

Il noto analista di mercato Ted Pillows ha evidenziato i livelli di prezzo chiave sul mercato di Ethereum, utilizzando i...

Orfeo Barone 2 hours ago
XRP

Pundit Elaborates On Ripple/SWIFT Theory That Will Send The XRP Price To $1,000

A prominent crypto commentator known as Remi Relief has expanded on theories linking Ripple, SWIFT, and the global banking system...

Scott Matherson 3 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Solana explose : achat whale de 218 M$, le rôle clé de l’ETF Bitwise dans le rallye

Solana explose : achat whale de 218 M$, le rôle clé de l’ETF Bitwise

evanss 1 hour ago
solana sol solusd

Solana Price Drops Below $180 Despite $199M ETF Inflows, What’s Behind the Decline?

James Halver 1 hour ago
Trump, républicains et lobbys : la nouvelle coalition pro-crypto aux États-Unis

Trump, républicains et lobbys : la nouvelle coalition pro-crypto aux États-Unis

evanss 1 hour ago

Premium Sponsors

Press Releases

  • 価格調整の中で強気継続

    イーサリアム...

    37 minutes ago
  • 下落相場を乗り越えるか

    ビットコイン...

    47 minutes ago
  • ミームコイン市場の減速とユーティリティトークンへの資金移動

    シバコイン...

    60 minutes ago
  • ドージコイン 今後の価格予測:資金が新興ミームプロジェクトへ流入、0.1ドル下落への懸念も

    ドージコイン...

    2 hours ago
  • 象徴的な発表と実需重視の戦略が示す今後の展開

    パイネットワーク...

    3 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.