Bitcoin mining company IREN pays NYDIG $20 million to resolve loan dispute
Source: Binance
Time: 2025-08-30 11:49:13
According to Wu, Bitcoin mining company IREN announced that it will pay $20 million to NYDIG to resolve the dispute over defaulting on Bitcoin mining machine loans. The settlement was originally reached in August this year, involving two lawsuits for non-recourse special purpose vehicles (SPVs) in Canada and Australia. These SPVs defaulted total $107.8 million (including interest and late fees) at the end of 2022. The settlement comes as PwC is about to review IREN co-founders William and Daniel Roberts in Australia.