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New York Bitcoin Mining Facility Slapped With $10,000 per Day Fine

US Bitcoin Corp – a North American Bitcoin mining firm – has been ordered to cease operations by a State Supreme Court Justice, or face penalties of $10,000 per day. 

If the miner continues to operate through the end of January, the fine will increase to $25,000 per day. 

According to Pace, the $10,000 fine will be in place until January 31. Speaking to John P. Bartolomei, an attorney for US Bitcoin, she added that the fine will increase to $25,000 per day after that deadline until the case is fully settled. Bartolomei protested this ruling and said he would appeal the decision to the State Supreme Court Appellate Division Fourth Department.

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