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: Cantor Fitzgerald Projects Major Growth For Hyperliquid (HYPE) In Explosive New Report
  • 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: Cantor Fitzgerald Projects Major Growth For Hyperliquid (HYPE) In Explosive New Report

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

dogecoin price doge dogeusd

Dogecoin Breaks Key Support as Traders Reassess Long-Term Outlook Ahead of 2026

Dogecoin’s (DOGE) drop below a long-held support level has pushed traders and long-term holders to reassess the token’s outlook heading...

James Halver 4 hours ago
Crypto

New Crypto Tax Proposal: Bipartisan House Duo Pushes For Stablecoin Safe Harbor

In the wake of a significant shift in crypto regulation spurred by the new White House administration under President Donald...

Ronaldo Marquez 5 hours ago
Bitcoin

Here’s Why This Bitcoin Bounce Is Designed To Hurt The Most

Bitcoin’s recent bounce may look like a sign of renewed strength, but the price action tells a more deceptive story....

Godspower Owie 6 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

BitMine斥資3億美金再加倉!全球最大以太坊財庫持倉破400萬枚 揭秘 12 月巨鯨佈局動向

Kelvin Lee 1 hour ago
Bitcoin

Bitcoin Perps Heat Up Again As Leveraged Longs Rise

Keshav Verma 2 hours ago
BNB, avalanche, SEI, Litecoin, Sonic, Fantom, SUI, Dogwifhat, Solana, XRP, ONDO, Injective, ZORA

XRP ETFs Record 25-Day Streak As Price Eyes Key Resistance Level

Rubmar Garcia 3 hours ago

Premium Sponsors

Press Releases

  • ChatGPT Dự Đoán Giá Bitcoin, XRP Và Ethereum

    3 dự đoán giá crypto từ ChatGPT giúp nhà đầu...

    44 minutes ago
  • Bitcoin Hyper thu hút sự quan tâm khi xu hướng alt coin gắn với Bitcoin nóng trở lại

    Meme coin tiềm năng đáng mua hôm nay, có thể tăng...

    1 hour ago
  • Potential Meme Coins to Buy

    Gợi ý chuyên gia: 5 các đồng coin tiềm năng ở...

    1 hour ago
  • Top 3 Altcoin

    Các altcoin đang được giới đầu tư theo dõi...

    2 hours ago
  • Maxi Doge FTR

    仮想通貨...

    19 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.