Bitcoin

Crypto mining company NewRays has filed a lawsuit against a judge and prosecutor, accusing them of selectively enforcing noise laws targeting its operations. The lawsuit claims that new noise regulations were enacted specifically to limit NewRays' activities, while other companies with higher noise levels were not affected. 
NewRays invested $15 million in its mining center, which operates over 2,000 ASIC miners. The company alleges that the new laws violate its rights and result in losses of $500,000 per month. 
Neighbors had complained about noise levels, but NewRays installed soundproof barriers costing $1 million to mitigate the impact. Despite these measures, the company faces legal actions and believes it is being unfairly targeted.

Bitcoin Mining Firm NewRays Sues Judge and Prosecutor Over Selective Noise Laws

Ultramining_Eng

Other articles published on Oct 2, 2024

Shiba Inu Price Prediction: Here’s Why SHIB Price Will See 44,000% Surge

Binance Labs' New Investment: What is Hemi Network?

Celestia (TIA) Could Spike 60% if Price Closes Above Key Support This Week: Here’s the Outlook

Bitwise files first Form S-1 for XRP ETF with US SEC

RISE, the Gigagas Layer 2, announces its $3.2M Seed Round

New Cryptocurrency Releases, Listings, & Presales Today – Royal Finance Coin, Cryptify AI, Dynachain

Join our free newsletter for daily crypto updates!