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.
