After being publicly outed on social media for non-payment of bills, the Compass Mining CEO said it would “fight this battle in court, not on Twitter.”
The terms also see customers “waive their rights to seek remedies in court” or be involved in any Class Action lawsuits, and any proceedings must be bought forward by each individual customer if they were to file a lawsuit against Compass.
The situation comes when many cryptocurrency miners face a challenging market environment with the continuing price slide of Bitcoin and increasing energy costs.older ASIC miners dropped into the negative zone , and even some of the newer generation mining rigs are near or past their shutdown thresholds based on the price of the asset.
Around the same time, with Bitcoin mining profitability dropping over 75% from the market top, the volume of BTC sent by miners to crypto exchanges
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Mining Ban Sparks Negative Reactions From Iran’s Crypto Community – Mining Bitcoin NewsThe recently reintroduced seasonal ban on cryptocurrency mining has provoked backlash from the local crypto community.
Les mer »
Bitcoin mining stock report: Monday, June 27Here's how crypto mining companies performed on Monday, June 27.
Les mer »
Report: $4B in Bitcoin Mining Loans Are in Distress — JPMorgan Analyst Says Price Pressure Stems From Miner Sales – Bitcoin NewsAccording to a recent report, analysts say that a number of loans backed by bitcoin mining machines are underwater.
Les mer »
'Not worth the risk': Palau, Fiji call for deep-sea mining moratoriumConcerned about the potential impacts of deep-sea mining on ocean biodiversity, the Pacific islands of Palau and Fiji on Monday launched an 'alliance' to call for a moratorium of the nascent industry.
Les mer »
Pa. man gets probation in power of attorney schemeTodd Hoy's estranged wife Melissa is 2013 obtained power of attorney authorization for her great-aunt who was in an assisted living facility.
Les mer »
New law expands Bright Futures scholarship eligibility, allows paid work to meet service requirementFlorida Gov. Ron DeSantis on Monday morning signed a bill that will allow students seeking a Bright Futures scholarship to use a paid job to meet service requirements.
Les mer »