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Largest Bitcoin Miner on Wall Street Ordered to Pay $138 Million
Marathon Digital Holdings, Inc., the largest Bitcoin mining company by market capitalization, has been ordered to pay $138 million in damages following a unanimous jury verdict in a breach of contract lawsuit. The verdict, issued in a federal court, concluded that Marathon had breached a non-disclosure, non-circumvention agreement with Michael Ho, the Chief Strategy Officer of Marathon's direct competitor, Hut 8. According to court documents, Ho entered into an agreement with Marathon in 2020 to provide proprietary information regarding a large-scale energy supplier for the company's mining operations. The agreement ... (full story)
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- Posted: Jul 23, 2024 7:48am
- Submitted by:Category: Entertainment NewsComments: 0 / Views: 170
