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One notable controversy is the lawsuit Bitmain submitted in opposition to Zuoxing Yang, a former chip design director, in 2017. Yang successfully appealed to the court docket in China to contain the patent revoked, resulting in Bitmain's circumstance currently being dismissed.
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In 2015, Bitmain was involved with Hong Kong's initially copyright-linked litigation during the Significant Court (Substantial Court Action No. HCA 1980 of 2015) when Bitmain sued among the entire world's main bitcoin investing platforms at some time. Bitmain accused the buying and selling platform of "carelessness and/or stability difficulties".[22] With the commencement of proceedings, Bitmain's claim amount of money was close to RMB seven-hundred,000. Bitmain's claim was afterwards contested following it absolutely was discovered in the course of the system on the litigation that serious problems with cyber-safety neglect could possibly have occurred on Bitmain's aspect in the event the transaction were undertaken by Bitmain's employees (e.
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Canaan has taken ways to distance itself from Chinese oversight, relocating its headquarters to Singapore and reporting that forty for every cent of its 2024 revenue arrived within the US.