Exclusive | Chen Weixing's Hummingbird mining machine received two height restriction orders due to more than 1 million

According to Tianfu Finance Network, the Nanshan District Court of Shenzhen has recently restricted high consumption of Shenzhen Zhichen Information Technology Co., Ltd. (the main body of the Hummingbird Miner, hereinafter referred to as "Hummingbird Miner") twice in a row. The cases involved were all disputes over sales contracts.

Unable to pay case handling fee

In July 2020, Hummingbird Miner was brought to the dock by Shenzhen Feihongda Technology Co., Ltd. due to a sales contract dispute, and its 100% equity in Beijing Zhichen Information Technology Co., Ltd. (registered capital of 1 million yuan) was also frozen.

After losing the first instance, Hummingbird Miner appealed to the Shenzhen Intermediate People's Court because it was dissatisfied with the court's decision, but failed to prepay the second instance case acceptance fee within the statutory period, resulting in the appeal being automatically withdrawn and the first instance ruling being upheld.

Since they cannot even afford the case handling fee of several thousand yuan, it is not surprising that they are unable to fulfill their repayment obligations.

In January this year, the Hummingbird mining machine was forcibly executed by the Nanshan District Court of Shenzhen, with the execution target being 783,400 yuan.

On April 30, the Nanshan District Court of Shenzhen issued a height restriction order, restricting Hummingbird Miner and its legal representative Luo Junzhang from engaging in high consumption.

It is worth mentioning that Luo Junzhang is also the legal representative of the Trade Union Committee of the China Small and Medium Enterprises Development Promotion Center, and has invested in Beijing Tengda Gongpei Trading Co., Ltd.

On May 10, the Nanshan District Court of Shenzhen issued another height restriction order. Due to a sales contract dispute with Dongguan Guyi Hardware Products Co., Ltd., the Hummingbird Miner was forcibly executed in April this year. Although the execution target this time was only 260,700 yuan, the company still failed to execute it, so it was "restricted" again.

According to Qichacha, the Hummingbird mining machine has been enforced five times this year, with a total amount of 2.8476 million yuan; it has been involved in more than 30 lawsuits, most of which are sales contract disputes, and there are 6 lawsuits waiting to go to trial in the next two months; the company's 100% equity in Beijing Zhichen Information Technology Co., Ltd. has been frozen twice, and its bank deposits have also been frozen.

Chen Weixing serves as Chairman

According to Tianfu Finance Network's previous report, the controlling shareholder of Hummingbird Miner is Hangzhou Fanshun Technology Co., Ltd., owned by Chen Weixing, the founder of Kuaidi Taxi, and Chen Weixing is the actual controller. Chen Weixing attended the launch event of Hummingbird Miner as the chairman. (For details, see "Exclusive | 4 forced executions in 3 months, assets frozen multiple times, Chen Weixing's Hummingbird Miner "missing")

From 2019 to early 2020, Hummer Miner released C7, H7, H9 and other versions of Hummer brand miners. Its products are sold with high performance and high cost performance, and once became a "dark horse" in the market, and once occupied the forefront of BTC popular miners together with Ant and Shenma.

In 2019, Hummingbird Miner was also the fourth largest customer of VeriSilicon Holdings (688521.SH), contributing RMB 76.0032 million in revenue.

In March 2020, the Handshake ASIC mining machine Mars H1 jointly launched by Hummingbird and Pomegranate Mining Pool started futures sales, but the market response to this product was mediocre, and some miners even called it "scrap metal" that lost all their money.

Since then, Hummingbird Miner has been silent, its official website, Weibo, and WeChat have stopped updating, and there are no tweets on Twitter. Tianfu Finance Network contacted Hummingbird Miner CEO Liu Zhiyun, but when asked about the company's situation, the other party no longer responded.