Riot and SBI Crypto Settle Texas Bitcoin Mining (validating transactions for rewards) Dispute for $20 Million
The agreement resolves a Texas dispute over Bitcoin mining (validating transactions for rewards) activities, with both companies agreeing to a $20 million settlement.
BTC
Summary
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Terms & Concepts
Bitcoin mining: The process of validating Bitcoin transactions and securing the network using specialized hardware in exchange for block rewards.
Settlement: A legal agreement that resolves a dispute, typically involving payment without an admission of fault.