The ex-Swan employees at Proton Management said Swan Bitcoin’s mining lawsuit is baseless because 2040 Energy operated as a “separate entity.”
The Bitcoin mining firm accused by Swan Bitcoin of stealing its mining business through a “rain and hellfire” plan has denied the allegations, and is calling for the case to be dismissed.
In a Sept. 30 motion to dismiss, Proton Management said accusations made by Swan are “fatally flawed” because it “does not have a mining business” to begin with.
Proton said the Bitcoin mining business, 2040 Energy, was a separate entity fully funded by stablecoin issuer Tether, stating:
