GAW Miners Sued for Breach of Contract
A Mississippi electric company has filed suit against GAW Miners for non-payment and breach of contract. According to court documents, Mississippi Power Company (MPC) is seeking repayment of roughly $224,000 in services, as well as nearly $50,000 in costs incurred specifically for servicing GAW. MPC is looking to collect an additional $73,493.48, an amount the utility claims it is entitled to as a result of the alleged breach of contract. The suit was filed on 8th April in the Southern District Court for the Southern District of Mississippi. The electric utility is being represented by....
Related News
Bitcoin miners servicing GAW were sued by Mississippi Power Company (MPC) for non-payment and breach of contract earlier this month, with the company seeking close to $350,000 including interest and court fees for the lawsuit. In particular, the company is claiming around $224,000 in services repayment, $50,000 in costs for GAW, and $73,493.48 in utility claims. The lawsuit was filed last week in the Southern District Court for the Southern District of Mississippi, with MPC being represented by Balch and Bingham LLP. Bitcoin Miners Lawsuit. GAW has already ceased bitcoin miners operations....
The report has been updated with comment from Steven Ragland, the attorney representing Wences Casares. Several Xapo executives including founder and CEO Wences Casares are being sued for alleged contract violations. The suit, filed in August 2014 by online identity firm LifeLock, alleges breach of contract and breach of fiduciary duty against Casares, president and general counsel Cindy McAdam, and founder and COO Federico Murrone. Xapo employees Fabian Cuesta and Martin Apesteguia were also identified in the suit, according to a report by Fortune. LifeLock purchased Lemon, a digital....
Hashflare, likely the first of the non-Ethereum family to come out publicly as affected by the breach in the DAO contract, has suspended ETH mining activities. Following the breach experienced in The DAO contract, Hashflare has announced the suspension of its ETH mining activities. “It is our duty to let you know that due to the recent breach in the DAO contracts, ETH mining and withdrawals will be blocked until the breach is fixed,” the cloudmining company stated in a notice sent out to its subscribers. It adds: “At this exact moment, the developers of the DAO and Ethereum are working....
GAW Miners, the often embroiled cloud mining and hardware production company, is presently facing a lawsuit in the Southern District of Mississippi, Eastern Division, in the amount of $346,647.29 "plus all pre- and post-judgment interest, costs, and attorneys' fees." The lawsuit centers around GAW's unpaid electric bills to Mississippi Power Company for their mining facility run in Purvis, MS. The power company alleges that in order to service GAW, they had to incur a number of unusual costs, such as new transformers and associated equipment. They further claim that GAW is in debt in....
This piece has been updated with a statement from CoinTerra regarding the lawsuit filed by C7. CoinTerra is being sued by a Utah data center operator for alleged breach of contract and $1.4m in unpaid services. In court documents, C7 Data Centers alleges that former partner CoinTerra acted in bad faith by intentionally underpaying for services and demonstrating a pattern of late repayment. In total, C7 is seeking $5.4m in damages, court fees and related charges. The court filings follow unconfirmed reports that CoinTerra is seeking to resolve problems with unknown senior debt holders.....