Summary

The underlying dispute in this matter concerns the delivery of defective bitcoin miners.

Petitioners entered into two sets of contracts for the delivery of those miners. The counterparty listed on the first set of contracts (the Batch 1 Contracts) was Respondent Innosilicon Technology Ltd., a company registered in China with its physical address in Wuhan, PRC (hereinafter "Innosilicon Wuhan"). The second set of contracts (the Batch 2 Contracts) listed the counterparty as Innosilicon Technology Ltd. - same name - a company registered in Samoa with a post office box address in Samoa (hereinafter "Innosilicon Samoa"). Both sets of contracts called for disputes to be arbitrated pursuant to the Rules of the Hong Kong International Arbitration Centre ("HKIAC"). Those rules provide that disputes over arbitrability are the province of the arbitrator to resolve.

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Conclusion

The petition to confirm the award is GRANTED and Respondent's motion is DENIED in all respects.

This constitutes the decision and order of the court. It is a written decision.

The Clerk of Court is respectfully directed to enter judgment for Petitioners GRANTING the petition, to remove the motion at Docket Number 19 from the court's list of open motions, and to close the case.

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TDM:

• Blockstream Corporation - Thigmotropism LLC - Adam Back v Innosilicon Technology Ltd - HKIAC-A20302 - Final Award - Monetary Value of Damages - Costs and Interest - 16 February 2024
• Blockstream Corporation - Thigmotropism LLC - Adam Back v Innosilicon Technology Ltd - HKIAC-A20302 - Partial Final Award - Save as to Monetary Value of Damages and Costs - 19 December 2023