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Dec. 17 (NBD) -- A Chinese district court on Monday ruled to freeze 3.6 million yuan (514,499 U.S. dollars) in assets of bitcoin mining giant Beijing Bitmain Technologies ("Bitmain"), according to information disclosed on enterprise intelligence website tianyancha.com.

The moratorium starts immediately on the day and expires on December 16, 2021. But the reason hasn't been revealed.

Founded in 2013 and headquartered in Haidian District, Beijing, Bitmain is the world's largest maker of bitcoin mining rigs.

National Business Daily noticed that in a contract dispute, another district court in Shenzhen had ordered to seize approximately 4.7 million yuan in assets belonging to Shenzhen-based Century Cloud Core, a wholly-owned subsidiary of Bitmain.

Century Cloud Core is a significant subsidiary of the mining giant, being responsible for manufacturing, quality assurance and packaging for Bitmain’s bitcoin mining equipment.

Email: lansuying@nbd.com.cn