BTC miner Rhodium faces lawsuit over an alleged $26M in unpaid fees

BTC miner Rhodium faces lawsuit over an alleged $26M in unpaid fees



In an effort to recover "more than $26 million" in allegedly unpaid mining facility fees, cryptocurrency mining company Riot Platforms, formerly known as Riot Blockchain, has filed a lawsuit against Texas-based Bitcoin miner Rhodium Enterprises.



Rhodium Enterprises allegedly broke its agreement with Riot by neglecting to pay hosting and service fees related to the usage of Whinstone's Bitcoin mining facilities, a wholly owned subsidiary of Riot, according to the company's Q1 2023 financial report, which was released on May 10 by Riot Platform.



On May 2, a petition was submitted in the District Court of Milam County in Texas against Rhodium Enterprises with the aim of recovering "more than $26 million" as well as compensation for the legal costs expended during the case.



Riot further requested that “certain hosting agreements” a


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#Bitcoin, #BitcoinMining, #Cryptonewstoday, #News

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