IREN to Pay NYDIG $20 million to Resolve Dispute Over Default on Bitcoin Mining Equipment Loan
2025-08-30 05:06:17
Nasdaq-listed bitcoin miner IREN said in its annual report that it will pay $20 million to NYDIG to settle a dispute that has arisen over the years over a default on a loan for bitcoin mining equipment. The settlement, first reached in August, involves IREN Inc. defaulting on $107.80 million in debt, including interest and late fees, at the end of 2022, which was arranged through NYDIG in 2021 to finance about 35,000 Antminer S19 mining rigs. IREN said the settlement, which ends all related litigation and protects its affiliates, executives and shareholders from further claims, is pending court approval to formally close the case.
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
IREN将向NYDIG支付2000万美元解决因比特币挖矿设备贷款违约而引发的纠纷Next article：
美国最高法院是否会受理、以及何时审理“特朗普关税案”是关键
