TechFlow News, March 3: According to The Block, Bitcoin mining company Riot Platforms has agreed to pay $20 million in cash to SBI Crypto to resolve all claims related to a托管 agreement terminated in 2021.
Previously, SBI Crypto had sought over $175 million in lost profits and $50 million in equipment costs. However, the court ruled that SBI could not use Bitcoin’s appreciated price in its damages model, prompting both parties to reach this settlement.
The settlement concludes the prior legal dispute between the two parties in Texas arising from the termination of Bitcoin mining托管 services.
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