Key facts
- Swan Bitcoin's federal lawsuit against Proton Management Ltd. was dismissed on June 1, 2026.
- Swan admitted in UK proceedings that it did not own the mining assets and trade secrets at issue.
- The lawsuit was originally filed in California.
This case involved a dispute over mining assets and trade secrets. Swan Bitcoin's federal lawsuit was contingent on its ownership of these assets, which it later conceded it did not possess during parallel UK legal proceedings.