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BTC miner Rhodium faces lawsuit over an alleged $26M in unpaid fees: Report By Cointelegraph


© Reuters.

Crypto mining firm Riot Platforms – formerly Riot Blockchain (NASDAQ:) – has taken legal action against Texas-based (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 report 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.

Extract of Riot Platforms quarterly report for the period ended March 31. Source: SEC