IREN to pay NYDIG $20 million to resolve disputes arising from default on Bitcoin mining equipment loans
Source: ChainCatcher
Time: 2025-08-30 17:04:37
According to ChainCatcher, according to Theminermag, Nasdaq-listed Bitcoin mining company IREN said in its annual report that it will pay NYDIG $20 million to resolve disputes caused by default on Bitcoin mining equipment loans over the years. The settlement was first reached in August, and IREN was involved in debts of $107.8 million, including interest and late fees, at the end of 2022, which included interest and late fees, which were financed by the NYDIG arrangement in 2021 to approximately 35,000 Antminer S19 miners. IREN said the settlement ended all relevant litigation and protected its affiliates, executives and shareholders from further claims, and is currently awaiting court approval for a formal closing.