Lawsuit says Blockware Solutions sold investors unregistered Bitcoin mining securities
BTC when published $82,625Now $80,595 ▼ −2.46% since it was published
An investor alleges Blockware Solutions and affiliates ran a scheme to sell unregistered Bitcoin mining securities. A federal lawsuit filed October 7 accuses Bitcoin mining company Blockware Solutions and six co-defendants of selling unregistered investment contracts that the plaintiffs say cost them more than $1.39 million. The plaintiffs say they sent over $2.6 million to the defendants between November 2024 and July 2026. The complaint alleges they were lured by a financial model it calls the "Mann Spreadsheet," created by Blockware's director of finance as far back as June 2015. According to the filing, the spreadsheet projected "annualized ROI" of 46.35% to 67.90%, assumed Bitcoin would climb 3% every month without pause, held electricity costs flat over four years, and pegged machine uptime at 98% - a target the complaint…
First reported by InvestmentNews. This page is a short excerpt; the full text is theirs.
