American banking giant JPMorgan Hunt has reportedly blocked all business relationship activities of Compass Mining, a Bitcoin (BTC) mining company based out of Delaware. The data came to lite when Compass Mining CEO Whit Gibbs announced:

"Shoutout to Chase for shutting down Compass Mining accounts for doing our office to supersede the quondam guard with self-sovereign, future-focused supporters of hard money. Get behind #Bitcoin or become out of our way."

Compass Mining has been involved in offering mining rigs and hardware hosting services for Bitcoin mining. Under the pretext of supporting the Bitcoin hash rate and network, the visitor allows individual users to undertake mining operations via its private infrastructure.

Cointelegraph has reached out to both parties for farther comments and volition update this commodity should they respond.

Related: JPMorgan now offers clients admission to six crypto funds … but merely if they ask

JPMorgan has previously shown back up to the crypto ecosystem — all the way from seeking blockchain talent to assuasive wealthy investors admission to crypto funds.

On Aug. 6, in an effort to offer crypto exposure to clients, JPMorgan allowed access to six crypto funds in a span of 3 weeks. This motility has now exposed traditional investors to a Stone Ridge Bitcoin Strategy Fund that intended to strategize around Bitcoin futures contracts and pooled direct and indirect Bitcoin investment.

Last calendar month, Mary Callahan Erdoes, director of asset and wealth management at JPMorgan, highlighted the importance of meeting the demand for crypto investments. "A lot of our clients say, 'That'southward an asset class, and I want to invest,' and our chore is to help them put their money where they want to invest," she said.