{"id":18619,"date":"2023-05-14T04:42:01","date_gmt":"2023-05-14T04:42:01","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/btc-miner-rhodium-faces-lawsuit-over-an-alleged-26m-in-unpaid-fees-report\/"},"modified":"2023-05-14T04:42:03","modified_gmt":"2023-05-14T04:42:03","slug":"btc-miner-rhodium-faces-lawsuit-over-an-alleged-26m-in-unpaid-fees-report","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/btc-miner-rhodium-faces-lawsuit-over-an-alleged-26m-in-unpaid-fees-report\/","title":{"rendered":"BTC miner Rhodium faces lawsuit over an alleged $26M in unpaid fees: Report"},"content":{"rendered":"
Crypto mining firm Riot Platforms \u2013 formerly Riot Blockchain \u2013 has taken legal action against Texas-based Bitcoin (BTC) miner, Rhodium Enterprises, in an effort to recover \u201cmore than $26 million\u201d in alleged unpaid mining facility fees.<\/p>\n
According to Riot Platform’s Q1 2023 financial\u00a0report\u00a0published 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.<\/p>\n
A petition was filed against Rhodium Enterprises on May 2 in the District Court of Milam County in Texas,\u00a0seeking to recover \u201cmore than $26 million,” as well as reimbursement for legal fees incurred during the legal proceedings.<\/p>\n
Riot further requested that \u201ccertain hosting agreements\u201d are terminated and proposed that it is exempt from repaying any outstanding power credits to Rhodium.<\/p>\n