Bitcoin Mining Firm IREN Settles $20 Million Dispute with NYDIG

According to PANews, Nasdaq-listed Bitcoin mining company IREN has announced in its annual report that it will pay $20 million to NYDIG to resolve a longstanding dispute over a loan default related to Bitcoin mining equipment. The settlement agreement, reached in August, addresses IREN's default on a debt of $107. 8 million at the end of 2022, which included interest and late fees. These loans, arranged through NYDIG in 2021, financed approximately 35,000 Antminer S19 mining machines source: https://www.binance.com/en/square/post/29006550847090?utm_source=BinanceNewsRSS