AiCoin
AiCoin|Mar 03, 2026 10:18
[Riot Reaches $20 Million Settlement Agreement with SBI Crypto] On March 3, Bitcoin mining company Riot Platforms agreed to pay $20 million in cash to SBI Crypto to resolve all claims related to the termination of a hosting agreement in 2021. Previously, SBI Crypto had sought over $175 million in lost profit damages and $50 million in equipment cost compensation, but the court ruled that Bitcoin appreciation prices could not be used in its damages model. Ultimately, the two parties reached a settlement agreement, bringing an end to the legal dispute in Texas.
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