Butterfly Labs Says Monarch Shipments Resumed, Refunds Coming This Month

Butterfly Labs (BFL) has announced its return to operations. It says it will resume shipping of its mining hardware and reactivate its Cloud mining services.

Nearly one month ago, BFL's assets were released from a court-appointed receiver and the company was authorized to resume full business operations, subject to some conditions. The Missouri court handling the case rejected Federal Trade Commission (FTC) requests to have the company shut down entirely and permitted BFL to operate beyond the restricted scope previously negotiated.

On its website, BFL states its plans and seeks to reassure existing customers over the status of their orders and refund requests:

"We remain as committed as ever to serving you, our customer, to the best of our capabilities going forward. However, after more than three months of closure or severely limited operations we need to assess the status of all aspects of our business and determine the damage caused; we ask that you please be patient as we restart full operations and try to mitigate the impact of the shutdown."

There will also be discounts for Monarch orders and cloud mining activations, and "significant price reductions" for those cancelling refund requests in Exchange for accepting hardware or services.

BFL has not been successful, however, in its bid to have the FTC suit for past grievances entirely dismissed.

Many commenters still remain highly skeptical over the company's trustworthiness, an outcome which company lawyers previously expressed concern over during their bid to have charges dismissed.

Butterfly Labs (BFL) has announced its return to operations. It says it will resume shipping of its mining hardware and reactivate its Cloud mining services.

On its website, BFL states its plans and seeks to reassure existing customers over the status of their orders and refund requests:

"We remain as committed as ever to serving you, our customer, to the best of our capabilities going forward. However, after more than three months of closure or severely limited operations we need to assess the status of all aspects of our business and determine the damage caused; we ask that you please be patient as we restart full operations and try to mitigate the impact of the shutdown."

There will also be discounts for Monarch orders and cloud mining activations, and "significant price reductions" for those cancelling refund requests in Exchange for accepting hardware or services.

BFL has not been successful, however, in its bid to have the FTC suit for past grievances entirely dismissed.

Many commenters still remain highly skeptical over the company's trustworthiness, an outcome which company lawyers previously expressed concern over during their bid to have charges dismissed.