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Jerry Yu and his company, BitRush Inc., are the target of multiple lawsuits relating to contractor payments. These lawsuits have also revealed the existence of a $6 million dollar cryptocurrency mining farm, as documented by The New York Times.
The student’s story has become a case study in how Chinese nationals can move money from China to the United States without drawing the attention of authorities in either country.
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Jerry Yu has the trappings of what the Chinese call second-generation rich. He boasts a Connecticut prep-school education. He lives in a Manhattan...
The mine comprises of several dozen buildings designed to hold 6,000 specialized computers.
A legal dispute in a tiny Texas town unexpectedly reveals how Chinese nationals can move money to the U.S. without drawing the attention of authorities in either country.