News

Genesis Mining Rejects Former Contractor Digital Capital's $3.1M Lawsuit

Janelle Fox

Summary: Genesis Mining, one of the largest cloud mining companies in the world, made claims that former partner Digital Capital could never actually provide software with capabilities beyond “peripheral functionality,” according to a report from Law360 on Monday The London-based payments company Digital Capital sued Genesis Mining on September 30, 2019, for failing to pay 2.4 ...

Genesis Mining, one of the largest cloud mining companies in the world, made claims that former partner Digital Capital could never actually provide software with capabilities beyond “peripheral functionality,” according to a report from Law360 on Monday

The London-based payments company Digital Capital sued Genesis Mining on September 30, 2019, for failing to pay 2.4 million pounds (roughly $3.1 million) in unpaid invoices for its development and maintenance of its credit card software.

Genesis responded to the lawsuit by launching a counter-suit against the payments firm late-last year, looking to recover the money paid to Digital Capital for a platform that it ultimately failed to provide. 

In defense, Digital Capital claimed that the project’s delays were caused by Genesis’ failure to provide the necessary technical documentation

By Janelle Fox

Last Update:

Tags: ,,
Link: Genesis Mining Rejects Former Contractor Digital Capital's $3.1M Lawsuit   [Copy]
  • From Data Rights to Digital Property: Whistleblower Brittany Kaiser on Blockchain, RWA,... 6 days ago
  • The Base Chain's Ascent: How Deep Coinbase Integration and JPMorgan's Pilot Are Reshapi... 12 days ago
  • Tether in Trouble? U.S. Senate Just Passed a Law That Could Dethrone the $155B Stableco... 15 days ago
  • Justin Sun's Nasdaq Gamble: How Six Years Forged Ties with the Trump Family 16 days ago
  • The Crypto IPO Wave: From Fringe to Front Page 19 days ago
  • You need to login to comment.