CryptoMediaClub
Friday, August 1, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home Bitcoin

Riot Platforms Files Lawsuit Against Rhodium Over Pending Payment

15.05.2023
A A
0
137
VIEWS
ShareShare

Riot Platforms Files Lawsuit Against Rhodium Over Pending Payment

  • Rhodium reportedly broke its contract with Riot by not paying hosting and service costs.
  • The report stated that Riot had mined 2,115 Bitcoins in Q1 2023.

To recoup “more than $26 million” in claimed unpaid mining facility fees, Riot Platforms (previously Riot Blockchain), a cryptocurrency mining platform, has filed a lawsuit against Texas-based Bitcoin miner Rhodium Enterprises.

Rhodium reportedly broke its contract with Riot by not paying hosting and service costs related to utilizing Whinstone’s Bitcoin mining capabilities, according to Riot Platform’s Q1 2023 financial report issued on May 10.

Seeking Over $26M in Reimbursement

On May 2, an action seeking “more than $26 million” and reimbursement of legal expenses was launched against Rhodium Enterprises in Texas’s Milam County Court.

In addition, Riot recommended not having to pay back any outstanding power credits upon termination of “certain hosting agreements” with Rhodium. It was noted that it is difficult, at this time, to estimate the chances of retrieving the outstanding fees.

The report claims that Rhodium was served on May 8, with a response due date of May 30. In addition, the report said that Riot had mined “2,115 Bitcoins” in Q1 2023, which is a growth of 50.5% compared to Q1 2022. It was also stressed that Riot had nothing to do with the recent bank failures.

Mining firms for cryptocurrencies will have difficulties in 2023, according to Riot, because of the “significant price decline of Bitcoin” and “other national and global macroeconomic factors.” With its “relative position” in the business, “liquidity,” and “absence of long-term debt,” Riot is said to be in a good position to “benefit from such consolidation.”

Share10Tweet7ShareSharePin2

Related Posts

Coinbase’s Astounding $100 Billion Milestone Amidst Bitcoin’s Record Surge
Bitcoin

Coinbase’s Astounding $100 Billion Milestone Amidst Bitcoin’s Record Surge

15.07.2025
0

BitcoinWorldCoinbase’s Astounding $100 Billion Milestone Amidst Bitcoin’s Record Surge The cryptocurrency world is buzzing with excitement, and for good reason!...

Read moreDetails
Bitcoin’s Unseen Ascent: Why Market Euphoria Is Still Ahead, According to Alphractal CEO

Bitcoin’s Unseen Ascent: Why Market Euphoria Is Still Ahead, According to Alphractal CEO

14.07.2025
Bitcoin Holdings Soar: The Blockchain Group’s Momentous Digital Asset Accumulation

Bitcoin Holdings Soar: The Blockchain Group’s Momentous Digital Asset Accumulation

14.07.2025
Bitcoin’s Astonishing Anomaly: Why Public Search Interest Remains Low Despite Record Highs

Bitcoin’s Astonishing Anomaly: Why Public Search Interest Remains Low Despite Record Highs

14.07.2025
Bitcoin Treasury Strategy: Unleashing Growth with The Blockchain Group’s $3.52M Boost

Bitcoin Treasury Strategy: Unleashing Growth with The Blockchain Group’s $3.52M Boost

08.07.2025
Load More
Next Post

26% of Family Offices Invest in Crypto: Goldman Sachs Survey

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

10 Proven Marketing Strategies to Skyrocket Your Web 3.0 Project’s Visibility and Engagement

10 Proven Marketing Strategies to Skyrocket Your Web 3.0 Project’s Visibility and Engagement

2 years ago
Shytoshi Kusama Drops Hint About Upcoming Shiba Inu Update 

Shytoshi Kusama Drops Hint About Upcoming Shiba Inu Update 

2 years ago
Curve’s crvUSD depegs as market reacts to shock events

Curve’s crvUSD depegs as market reacts to shock events

2 years ago
Gala Games Announces Airdrop of GALA Token Version 2 on May 15

Gala Games Announces Airdrop of GALA Token Version 2 on May 15

2 years ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Trump Backs $23B Bitcoin Plan as BTC Dips Below $116K: Is $110K Next?

Illegal Miners in Russian Bitcoin Mining Hotspot Stole $4.3M of Electricity in H1 2025

ChatGPT’s 32-Indicator XRP Analysis Flags Breakout as BlackRock Director Joins Ripple Swell 2025

Altcoin Season Flickers as Cardano, Dogwifhat, Fartcoin Command $1.7B Daily Volume

JPMorgan Integrates Crypto Into Traditional Banking Services

Crypto Governance Crunch: Nearly 1 in 4 North American CFOs Plot 2027 Treasury Shift

Trending

Senator Warren Presses US Banking Regulator Over Trump Family’s Crypto Business Links
All news

Senator Warren Presses US Banking Regulator Over Trump Family’s Crypto Business Links

01.08.2025
0

US Senator Elizabeth Warren, alongside Senators Chris Van Hollen and Ron Wyden, has urged the nation’s top...

Ex-OpenSea Employee Cleared in First NFT Insider Trading Appeal — Here’s What Changed

Ex-OpenSea Employee Cleared in First NFT Insider Trading Appeal — Here’s What Changed

01.08.2025
Coinbase to Increase BTC Holdings, Offer Tokenized Stocks and Prediction Markets in U.S.

Coinbase to Increase BTC Holdings, Offer Tokenized Stocks and Prediction Markets in U.S.

01.08.2025
Trump Backs $23B Bitcoin Plan as BTC Dips Below $116K: Is $110K Next?

Trump Backs $23B Bitcoin Plan as BTC Dips Below $116K: Is $110K Next?

01.08.2025
Illegal Miners in Russian Bitcoin Mining Hotspot Stole $4.3M of Electricity in H1 2025

Illegal Miners in Russian Bitcoin Mining Hotspot Stole $4.3M of Electricity in H1 2025

01.08.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz