Riot Platforms Settles Legal Dispute with SBI Crypto for $20 Million

2026-03-03 18:22

Riot Platforms has agreed to pay $20 million in cash to SBI Crypto to settle a three-year legal dispute over the termination of a 2021 hosting agreement at the Rockdale Whinstone mining facility in Texas. The settlement was reached on February 16, just a week before the case was set to go to trial in the Western District of Texas federal court. SBI had initially sought over $175 million for "lost profits from Bitcoin appreciation" and more than $50 million in equipment costs, with attempts to increase the claim to over $350 million through expert reports. However, on February 2, the court ruled that SBI could not use appreciated Bitcoin prices in their loss model for compensation calculations.

Original Link

Share to:

This content is for informational purposes only and does not constitute investment advice.

Curated Series

SuperEx Popular Science Articles Column

This collection features informative articles about SuperEx, aiming to simplify complex cryptocurrency concepts for a wider audience. It covers the basics of trading, blockchain technology, and the features of the SuperEx platform. Through easy-to-understand content, it helps users navigate the world of digital assets with confidence and clarity.

Unstaked related news and market dynamics research

Unstaked (UNSD) is a blockchain platform integrating AI agents for automated community engagement and social media interactions. Its native token supports governance, staking, and ecosystem features. This special feature explores Unstaked’s market updates, token dynamics, and platform development.

XRP News and Research

This series focuses on XRP, covering the latest news, market dynamics, and in-depth research. Featured analysis includes price trends, regulatory developments, and ecosystem growth, providing a clear overview of XRP's position and potential in the cryptocurrency market.

How do beginners trade options?How does option trading work?

This special feature introduces the fundamentals of options trading for beginners, explaining how options work, their main types, and the mechanics behind trading them. It also explores key strategies, potential risks, and practical tips, helping readers build a clear foundation to approach the options market with confidence.

What are the risks of investing in cryptocurrency?

This special feature covers the risks of investing in cryptocurrency, explaining common challenges such as market volatility, security vulnerabilities, regulatory uncertainties, and potential scams. It also provides analysis of risk management strategies and mitigation techniques, helping readers gain a clear understanding of how to navigate the crypto market safely.