BTC minearbejder Rhodium står over for en retssag over en påstået $26M i ubetalte gebyrer: Rapport

BTC minearbejder Rhodium står over for en retssag over en påstået $26M i ubetalte gebyrer: Rapport

Tidsstempel: 13. maj 2023 kl. 10

Crypto mining firm Riot Platforms – formerly Riot Blockchain – has taken legal action against Texas-based Bitcoin (BTC) miner, Rhodium Enterprises, in an effort to recover “more than $26 million” in alleged unpaid mining facility fees.

According to Riot Platform’s Q1 2023 financial indberette published on May 10, Rhodium Enterprises allegedly breached its contract with Riot by failing to pay hosting and service fees associated with the use of Whinstone’s Bitcoin mining facilities, a wholly owned subsidiary of Riot.

A petition was filed against Rhodium Enterprises on May 2 in the District Court of Milam County in Texas, seeking to recover “more than $26 million,” as well as reimbursement for legal fees incurred during the legal proceedings.

Riot anmodede endvidere om, at "visse hostingaftaler" opsiges og foreslog, at det er fritaget for at tilbagebetale eventuelle udestående strømkreditter til Rhodium.

BTC miner Rhodium faces lawsuit over an alleged $26M in unpaid fees: Report PlatoBlockchain Data Intelligence. Vertical Search. Ai.
Extract of Riot Platforms quarterly report for the period ended March 31. Source: SEK

It was acknowledged that estimating “the likelihood” of recovering the unpaid fees at this stage is uncertain. It noted:

"Fordi denne retssag stadig er på dette tidlige stadie, kan vi ikke med rimelighed vurdere sandsynligheden for et ugunstigt resultat eller omfanget af et sådant resultat, hvis nogen."

Rhodium was served on May 8, and have a deadline to respond by May 30, according to the report.

Relateret: En klage indgivet mod Compass Mining for at miste BTC-minemaskiner falder i vejen

Meanwhile, Riot stated that it had mined “2,115 Bitcoins” in Q1 2023, an increase of 50.5% compared to Q1 2022.

It was further noted that Riot did not have any affiliations with the banks that have experienced collapses in recent times. It noted:

"Vi havde ikke nogen bankforbindelser med Silicon Valley Bank, Silvergate Bank eller First Republic Bank, og vi har i øjeblikket vores kontanter og likvide midler i flere bankinstitutioner.

Riot anticipates that crypto mining companies will continue to experience challenges in 2023 due to the “significant price decline of Bitcoin” and “other national and global macroeconomic factors.”

It was stated that Riot’s “relative position” in the industry, as well as its “liquidity and absence of long-term debt,” makes it well positioned to “benefit from such consolidation.”

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