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IREN to Pay $20 Million to NYDIG to Resolve Dispute Over Bitcoin Mining Equipment Loan Default

Summary: According to Theminermag, NASDAQ-listed Bitcoin mining company IREN announced in its annual report that it will pay $20 million to NYDIG to settle a long-standing dispute stemming from a default on loans for Bitcoin mining equipment. The settlement agreement was first reached in August, with IREN owing $107.8 million in debt by the end of ...

According to Theminermag, NASDAQ-listed Bitcoin mining company IREN announced in its annual report that it will pay $20 million to NYDIG to settle a long-standing dispute stemming from a default on loans for Bitcoin mining equipment. The settlement agreement was first reached in August, with IREN owing $107.8 million in debt by the end of 2022, including interest and penalties, ...

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Link: IREN to Pay $20 Million to NYDIG to Resolve Dispute Over Bitcoin Mining Equipment Loan Default [Copy]

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