Hardware manufacturer Compass Mining announced that it has won a $1.5 million verdict in a legal dispute with hosting provider Dynamics Mining.
In June, Dynamics claimed that Compass had terminated its hosting relationship due to unpaid electricity and hosting fees related to a facility in Maine.
Compass, which provides both mining hardware and hosting services at its data centers, filed a complaint alleging that Dynamics’ claims were “completely incorrect” and that the company had taken Compass’ equipment “hostage.”
On Thursday, the court ruled in favor of Compass and imposed a default judgment against Dynamics for $1.47 million, plus interest and fees.
It is unclear whether Compass will be able to collect the judgment. Thomas Heller, co-CEO of Compass Mining, said in a statement that Dynamics had “violated the rights of both Compass Mining and our clients” and that the legal system had produced a “just result.”
Dynamics accused Compass of “preemptively” disclosing the verdict in order to repair its damaged reputation.
Judith Faith has been writing about cryptocurrencies and blockchain technology for over five years. She is well versed in the industry and has an extensive network of industry contacts. She is also a frequent contributor to various cryptocurrency publications. With her vast knowledge and experience, she is able to provide insightful and valuable content to her readers. Judith is also an active investor in the cryptocurrency space and has a vested interest in the success of the industry.
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