Bitmain vs. Exawatt Crypto Dispute Sparks Debate Over Future Legal Precedents

A dispute between Chinese crypto mining manufacturer Bitmain and European company Exawatt is unfolding in Hong Kong, and it’s not just about contracts.  Parallel criminal proceedings launched in Lithuania have turned this commercial dispute into a complex test of international law, raising new questions about how cross-border crypto conflicts will be resolved in an increasingly globalized industry. The Arbitration Dispute The dispute centers on allegations that Lithuanian company Exawatt breached contract terms related to cryptocurrency mining operations in Lithuania.  Bitmain, a leading crypto mining hardware manufacturer, filed a claim in August 2024 with the Hong Kong International Arbitration Centre

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