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Author: Admin | 2025-04-28
Did compass mining win a lawsuit against dynamics mining?Mining-services broker Compass Mining won $1.5 million in a lawsuit against hosting provider Dynamics Mining, court documents from last Thursday show. Compass sued Dynamics last June for its failure to provide services and for withholding clients' machines.Why is compass mining in the news?Over the last few days, Compass Mining has found itself in the news for all the wrong reasons. Earlier this month, the firm lost one of its mining centres in Maine, USA, after the owner of the facility, Dynamics Mining, terminated the agreement alleging that Compass had failed to pay its power bills.Is compass holding a bitcoin mine hostage?The second lawsuit is against Dynamics Mining, a company that was building a bitcoin mine for Compass in Maine. In the lawsuit, which attracted a lot of eyeballs on Twitter, Compass claims that Dynamics has failed to deliver on its contractual obligations and is holding its mining rigs hostage.Why did compass Sue dynamics?Compass sued Dynamics last June for its failure to provide services and for withholding clients' machines. The broker had lent Dynamics $1 million to build two bitcoin mining sites, on top of paying $650,000 in hosting fees and deposits.
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