Bitmain Technologies Georgia Limited v. JWKJ Technologies LLC

CourtDistrict Court, E.D. Missouri
DecidedAugust 8, 2024
Docket4:24-cv-00927
StatusUnknown

This text of Bitmain Technologies Georgia Limited v. JWKJ Technologies LLC (Bitmain Technologies Georgia Limited v. JWKJ Technologies LLC) is published on Counsel Stack Legal Research, covering District Court, E.D. Missouri primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Bitmain Technologies Georgia Limited v. JWKJ Technologies LLC, (E.D. Mo. 2024).

Opinion

UNITED STATES DISTRICT COURT EASTERN DISTRICT OF MISSOURI EASTERN DIVISION

BITMAIN TECHNOLOGIES ) GEORGIA LIMITED, ) ) Plaintiff, ) ) v. ) No. 4:24CV927 HEA ) JWKJ TECHNOLOGIES LLC, ) ) Defendant. )

OPINION, MEMORANDUM AND ORDER

This matter is before the Court on Defendant’s Motion to Dismiss and Compel Arbitration, [Doc. No. 13]. Plaintiff opposes the Motion. For the reasons that follow, the Court grants Defendant’s motion. Facts and Background1 Plaintiff filed a “Complaint for Temporary Restraining Order Preliminary Injunction, Declaratory Judgment, and Damages” wherein Plaintiff alleges Defendant refuses to return approximately $15 million worth of Plaintiff’s property Defendant has no right to hold. According to the Complaint, in 2023, Bitmain

1 The recitation of facts is taken from Plaintiff’s Complaint and is set forth for the purposes of this motion only and in no way relieves the parties of the necessary proof thereof in later proceedings. engaged JWKJ to operate a data center hosting 6,000 of Bitmain bitcoin mining servers (the “Hosted Servers”), specialized electronic devices used to generate

revenue for Bitmain by validating bitcoin transactions. JWKJ was to provide a facility suitable to house the Hosted Servers, which require constant access to electrical power and the internet to operate. Bitmain expected to receive the

rewards from any bitcoin that the Hosted Servers successfully mined, and in return, Bitmain paid JWKJ a hosting fee. Bitmain operated the Hosted Servers at JWKJ’s facility until June 2024, when JWKJ abruptly locked Bitmain personnel out of the Data Center Facility,

which Plaintiff claims was a breach of Defendant’s obligations under the Service Framework Agreement (the “SFA”) that governs the relationship between Bitmain and JWKJ.

From February 2024 to June 2024, JWKJ did not maintain stable electric power and internet access sufficient to allow Bitmain to use the Hosted Servers to mine bitcoin, in violation of the SFA. Bitmain has reason to believe that on June 16, 2024, JWKJ manipulated the Hosted Servers so that their computational power

was directed toward a mining pool with rewards for JWKJ, not the mining pool as designated by Bitmain for which JWKJ was contractually obligated to direct the Hosted Servers. This caused JWKJ to reap the rewards of the Hosted Servers’

work, which it continues to do today. Plaintiff claims JWKJ has stolen more than 5.59 bitcoin from Bitmain through this scheme, worth approximately $356,882.69 at the time of the theft, and

JWKJ continues to steal approximately 0.37 bitcoin every day the Hosted Servers are on-line and directed toward mining pool as designated by JWKJ. On June 20, 2024, Bitmain terminated the agreement and demanded that

JWKJ allow Bitmain to enter the Data Center Facility to retrieve its property, as is its right under the SFA. JWKJ refuses and is unlawfully detaining Bitmain’s property worth approximately $15 million at the Data Center Facility all the while using Bitmain’s property to enrich itself.

Plaintiff’s Complaint alleges five claims: declaratory judgment, (Count I); breach of contract, (Count II); conversion, (Count III); tampering with computer data, in violation of Mo.Rev.Stat § 569.095, et seq.(Count IV); and violation of the

Missouri Uniform Trade Secrets Act, MoRev.Stat. § 417.450, et seq. (Count V). In response to the Complaint, Defendant filed its Motion to Dismiss and Compel Arbitration, the motion presently before the Court. In its motion, Defendant argues that the SFA requires Plaintiff’s claim to be

arbitrated. The SFA provides, in relevant part: Dispute Resolution. All disputes arising under this Agreement shall be submitted to arbitration in Houston, Texas before a single arbitrator of the American Arbitration Association (“AAA”). The arbitrator shall be selected by application of the rules of the AAA, or by mutual agreement of the parties, except that such arbitrator shall be an attorney admitted to practice law in the Relevant Jurisdiction. No party to this agreement will challenge the jurisdiction or venue provisions as provided in this section. Nothing contained herein shall prevent the party from obtaining an injunction. The breaching Party shall bear the attorney fees and arbitration fees of the non- breaching Party. EACH PARTY HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, SUIT, PROCEEDING OR COUNTERCLAIM ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY, WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY.

Article 16.4. The SFA further provides, Service Provider acknowledge [sic] that a breach or threatened breach of this Agreement shall cause serious and irreparable harm to BITMAIN for which monetary damages alone would not be a sufficient remedy. Accordingly, Service Provider agrees that in the event of a breach or threatened breach by the Service Provider, BITMAIN shall be entitled to injunctive relief and specific performance in addition to any other remedy available to BITMAIN in equity or at law without the necessity of obtaining any form of bond or undertaking whatsoever, and Service Provider hereby waives any claim or defense that damages may be adequate or ascertainable or otherwise preclude injunctive relief.

Article 13.1.

The crux of the dispute is whether the SFA allows Plaintiff to file an action in this Court for injunctive relief or seek relief in arbitration. Legal Standard A motion to compel arbitration is properly analyzed under Fed. R. Civ. P. 12(b)(6), the motion to dismiss standard, or Fed. R. Civ. P. 56, the summary judgment standard. City of Benkelman, Nebraska v. Baseline Eng'g Corp., 867 F.3d 875, 881 (8th Cir. 2017). If a party presents evidence outside the pleadings, which is not excluded by the Court, the motion must be treated as one for summary

judgment under Rule 56. Id. at 882. Here, both sides have submitted evidence in support of their positions, therefore, the Court will apply the summary judgment standard under Rule 56. Ballou v. Asset Mktg. Servs., LLC, 46 F.4th 844, 851 (8th

Cir. 2022). Summary judgment is proper if, viewing the record in the light most favorable to the nonmovant, “the pleadings, the discovery and disclosure materials on file, and any affidavits show that there is no genuine issue as to any material fact and that the movant is entitled to [relief] as a matter of law.” Torgerson v. City

of Rochester, 643 F.3d 1031, 1042 (8th Cir. 2011) (en banc) (internal quotation marks omitted). Defendant bears the burden to prove a valid arbitration agreement exists, as it is seeking to compel arbitration in this case. Id.

Discussion The Federal Arbitration Act (“FAA”) applies to contracts evidencing transactions “involving commerce.” 9 U.S.C. § 2; Hoffman v. Cargill Inc., 236 F.3d 458, 461 (8th Cir. 2001). The FAA provides:

A written provision in . . . a contract evidencing a transaction involving commerce to settle by arbitration a controversy thereafter arising out of such contract or transaction . . .

Free access — add to your briefcase to read the full text and ask questions with AI

Related

Cite This Page — Counsel Stack

Bluebook (online)
Bitmain Technologies Georgia Limited v. JWKJ Technologies LLC, Counsel Stack Legal Research, https://law.counselstack.com/opinion/bitmain-technologies-georgia-limited-v-jwkj-technologies-llc-moed-2024.