In the heady days of 2013, when the world was agog over the promise of bitcoin, a few companies were racing to develop special hardware used to “mine” new value from the virtual currency. One of the ...

There have long been online complaints about Butterfly Labs, a Missouri-based maker of Bitcoin mining equipment that started operations in 2010. People complained in Bitcoin forums that the company ...

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. The FTC’s complaint against the company and its corporate officers ...

WASHINGTON, Sept 23 (Reuters) - A U.S. court has temporarily shut down Butterfly Labs, a Missouri company the Federal Trade Commission alleges deceptively marketed computers designed to produce ...

The Federal Trade Commission (FTC) announced yesterday that it had shut down Butterfly Labs following approval by a US judge, and for many outraged customers, the closure is the end of a long period ...

is facing a lawsuit for over $5 million that alleges that it was negligent in its business dealings, and even accuses the company of downright fraud. The suit was brought by Martin Meissner, who ...

A federal judge recently granted the Federal Trade Commission’s request to shut down the operations of Butterfly Labs, Inc., a company that makes ASIC Bitcoin mining gear, over suspicions of fraud. It ...

A new order issued by a federal court in Kansas City on Thursday has effectively extended a temporary restraining order set down earlier this month, leaving Bitcoin mining rig builder Butterfly Labs ...

Butterfly Labs Inc. has spoken out to Bitcoin Magazine for the first time since reaching a settlement with the Federal Trade Commission and denies using customers’ Bitcoin mining machines for their ...

On today’s SiliconANGLE Live NewsDesk Show, (see embed feed below or visit youtube.com/siliconangle to watch on-demand), we learn that Butterfly Labs has finally ...

After nearly six months of delays, Butterfly Labs has finally released a copy of what appears to be the final version of one of their long-awaited ASIC mining products. Similarly to how Avalon first ...

A Missouri-based company that claims to manufacture bitcoin mining equipment is going head to head in a legal battle with the Federal Trade Commission (FTC) after the agency has successfully asked the ...