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Breaking News: Crypto Bulls Rejoice: Congresswoman Confirms Powell’s Imminent Firing

Butterfly Labs Resumes Services Following Court’s Approval

Yashu Gola
Yashu Gola
1 year ago
2 mins read

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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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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.

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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.

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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

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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

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