$1.2 million that #Compass was supposed to pay, it had only paid $665,000 and had missed at least three #payments, and was late on six others, #Dynamics claimed

December 29, 2022, Judge J Travis Laster, of the Delaware Court of Chancery, ruled in favor of #Compass #Mining and entered default judgment against Dynamics for $1,474,400,

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Here’s an excellent article from #Compass #Mining that breaks down the top 10 miners by performance, balance sheet, and #overall #financial condition if you are interested in specifics.

Here’s an excellent article from #Compass #Mining that breaks down the top 10 miners by performance, balance sheet, and #overall #financial condition if you are interested in specifics.

#Compass Sued Over #Allegedly Failing to Return Customer #Bitcoin Miners

In July 2022, #Compass was the first mining firm to announce job cuts amid the ongoing #crypto winter.

The court #document further stated that #Compass’ promise of its machines' “uptime of 95%” was inaccurate, stating that it was actually “closer to 50-60%.”

The court #document noted that #Compass should have disclosed to Bit River that they were “simply the middleman.

#Compass #Mining sued for losing Bitcoin mining #machines bought by customers

#Compass #Mining wins $1.5M settlement against hosting firm #Dynamics Corp

On December 29, 2022, Judge J Travis Laster, of the Delaware Court of Chancery, ruled in favor of #Compass #Mining and entered default judgment against Dynamics for $1,474,400,

Of the $1.2 million that #Compass was supposed to pay, it had only paid $665,000 and had missed at least three #payments, and was late on six others, #Dynamics claimed

On December 29, 2022, Judge J Travis Laster, of the Delaware Court of Chancery, ruled in favor of #Compass #Mining and entered default judgment against Dynamics for $1,474,400,

#Compass #Mining filed the lawsuit in June after #Dynamics terminated a hosting agreement with the miner—a rare win in a year that has not favored the miner.