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The Bitcoin mining firm accused by Swan Bitcoin of stealing its mining business through a “rain and hellfire” plan has denied the allegations, and is calling for the case to be dismissed. In a Sept. 30 motion to dismiss, Proton Management said accusations made by Swan are “fatally flawed” because it “does not have a mining business” to begin with. Proton said the Bitcoin mining business, 2040 Energy, was a separate entity fully funded by stablecoin issuer Tether, stating: “Swan’s filings appear to be nothing more than ‘litigation by ambush’ to disparage its former employees and contractors in …

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