Bitmain denounced Orb Energy Co. for total dismantling weeks after the company filed for Chapter 11 bankruptcy. The bankruptcy filing comes after Bitmain secured an injunction in Texas court.
Bitmain hopes to allow the US Bankruptcy Court to reclaim thousands of Bitcoin Miners from ORB Energy, citing a variety of reasons, from damaging thousands of dollars worth of Bitcoin Miners by blocking access to equipment from the misappropriation of digital assets.
Bitmain moves to regain the BTC miner
In an emergency motion filed on August 27 in the Southern Texas region, Bitmain argued that the automatic stay caused by the ORB Energy Chapter 11 petition should not cover 2,700 Antminer servers housed at ORB’s Van Vleck facility.
According to Chinese mining manufacturers, machines valued at over $5.5 million remain their property under a hosting sales agreement and should not be included as part of ORB’s bankruptcy property.
The conflict draws attention to Bitmain’s direct involvement in its unique mining capabilities for America’s soil.
According to Bitmain, ORB began deciding on mining rewards on December 4, 2024, and began redirecting payments from machines to wallets managed by the ORB CEO.
The company also claimed that ORB CEO Jamieson Zaniewski would sell Bitcoin, which belongs to Bitmain, mid-year this year, just before a critical state court hearing, hiding wallet addresses and transaction records, making trails difficult to track.
Despite the state court injunction, Bitmain alleges that ORB has restricted staff from the site with physical barriers, refused to install surveillance software, and set up signs implying a deadly force threat.
The move also denies the ORB for installing unauthorized firmware, useless safety protocols, causing “irreparable damage” to hundreds of units, dissipating Bitcoin revenue through insider loans.
According to Bitmain, the Hosting agreement officially ended in July 2025, when ORB allegedly ignored repeated notices of violations. Once the contract was terminated, the miner was expected to be returned. However, there were legal action as Orb listed equipment on his bankruptcy schedule.
Bitmain and its affiliate Cango may be subject to federal review
Bitmain’s legal action against the ORB comes just days after the news announced to the Treasury Secretary on September 2, 2018, Iowa Representative Zachary Nun, a member of the House Selection Committee on the Communist Party of China, on September 2, to the Treasury Secretary on September 2, requesting that the Committee on Foreign Investment in the US (CFIUS) examines commines over the growth of its presence in the US market.
In his letter, Nun argued that the companies “appear to expand their operations in the US through complex ownership structures and financing arrangements that may not be completely transparent to regulators and the public.”
Bitmain has denied reports that there are plans to acquire Cango, and the companies claim that they are complying with US laws and have no ties with the Chinese government.
Cango was once a Chinese auto service platform listed in the US, but recently pivoted into Bitcoin mining and has since emerged as one of the top five players in the industry.
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