According to Foresight News, the Australian Securities and Investments Commission (ASIC) charged former Mine Digital CEO Grant Colthup with fraud, alleging that a customer paid Mine Digital $2.2 million in Bitcoin but never received any cryptocurrency in return. ASIC claims Colthup used these funds to pay debts of ACCE and/or to purchase cryptocurrency for others.

Mine Digital entered administration on September 23, 2022. On December 1, 2022, Brad Tonks of PKF was appointed as the liquidator of Mine Digital.