1/10/2024, 1:40:07 pm

Proton Management: Swan Bitcoin ‘Does Not Have Mining Business of Its Own’

Proton Management argues that Swan Bitcoin never owned the mining business in question, as it was part of 2040 Energy, a separate entity funded by Tether in which Swan holds only a minority stake. Proton claims it is enhancing the value of 2040 Energy, and not harming Swan. Proton Management argued in a court filing that Swan Bitcoin does not own any mining business of its own.