On December 17, London-based Faes & Company filed a complaint against Blockware Solutions LLC, alleging that it misrepresented the performance capability of its miners and lacked adequate power access to keep the machines running. Plaintiffs claim $250,000 in losses and seek compensatory and punitive damages. According to the complaint, the parties agreed in October 2021 for Faes to purchase $525,000 in Bitcoin miners and related hosting services. Blockware agreed to host Faes’ miners at one of its server facilities, which it allegedly owns and operates in exchange for a monthly hosting fee and energy costs. However, according to the plaintiff, at the time of the agreement, Blockware “did not actually own or operate a facility to host the miners and was not capable of doing so reliably.”
