{"id":43213,"date":"2022-12-31T02:29:54","date_gmt":"2022-12-31T06:29:54","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=43213"},"modified":"2022-12-31T02:29:58","modified_gmt":"2022-12-31T06:29:58","slug":"compass-mining-wins-lawsuit-against-dynamics-mining","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/compass-mining-wins-lawsuit-against-dynamics-mining\/","title":{"rendered":"Compass Mining wins lawsuit against Dynamics Mining"},"content":{"rendered":"\n<h5 class=\"wp-block-heading\" id=\"h-compass-mining-a-manufacturer-of-bitcoin-mining-equipment-has-prevailed-in-a-legal-dispute-with-hosting-company-dynamics-mining-and-received-around-1-5-million-in-the-suit\">Compass Mining, a manufacturer of <a href=\"https:\/\/coinscreed.com\/staging\/malaysia-destroys-bitcoin-mining-equipment-belonging-to-illegal-miners.html\" target=\"_blank\" rel=\"noreferrer noopener\">bitcoin mining equipment<\/a>, has prevailed in a legal dispute with hosting company Dynamics Mining and received around $1.5 million in the suit.<\/h5>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"734\" height=\"429\" src=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/12\/image-117.png\" alt=\"Compass Mining wins lawsuit against Dynamics Mining\" class=\"wp-image-43215\" srcset=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/12\/image-117.png 734w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/12\/image-117-300x175.png 300w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/12\/image-117-150x88.png 150w\" sizes=\"(max-width: 734px) 100vw, 734px\" \/><figcaption class=\"wp-element-caption\">Compass Mining wins lawsuit against Dynamics Mining<\/figcaption><\/figure>\n\n\n\n<p>Compass' hosting relationship was canceled by Kentucky-based Dynamics in June when it was revealed that Compass had not paid the hosting and power fees associated with a facility in Maine. <\/p>\n\n\n\n<p>Dynamics' assertions, according to Compass, are &#8220;totally false, without any factual evidence, and generate additional harm to Compass,&#8221; according to the complaint. Additionally, the firm claimed Dynamics Mining was &#8220;hostage-taking&#8221; its equipment.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<div class=\"embed-twitter\"><blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Court Rules In Favor of Compass Mining Against Dynamics<a href=\"https:\/\/t.co\/SZVowaSuAL\" target=\"_blank\">https:\/\/t.co\/SZVowaSuAL<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><g id=\"wpil-svg-outbound-7-icon-path\" fill=\"none\" clip-path=\"url(#clip0_31_188)\">\r\n                            <path d=\"M9.16724 14.8891L20.1672 3.88908\" stroke-linecap=\"round\"\/>\r\n                            <path d=\"M13.4497 3.53554L20.5208 3.53554L20.5208 10.6066\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\r\n                            <path d=\"M17.5 13.5L17.5 16.26C17.5 17.4179 17.5 17.9968 17.2675 18.4359C17.0799 18.7902 16.7902 19.0799 16.4359 19.2675C15.9968 19.5 15.4179 19.5 14.26 19.5L7.74 19.5C6.58213 19.5 6.0032 19.5 5.56414 19.2675C5.20983 19.0799 4.92007 18.7902 4.73247 18.4359C4.5 17.9968 4.5 17.4179 4.5 16.26L4.5 9.74C4.5 8.58213 4.5 8.0032 4.73247 7.56414C4.92007 7.20983 5.20982 6.92007 5.56414 6.73247C6.0032 6.5 6.58213 6.5 7.74 6.5L11 6.5\" stroke-linecap=\"round\"\/>\r\n                        <\/g>\r\n                        <defs>\r\n                            <clipPath id=\"clip0_31_188\">\r\n                                <rect fill=\"white\" height=\"24\" width=\"24\"\/>\r\n                            <\/clipPath>\r\n                        <\/defs><\/svg><\/span><\/a> <a href=\"https:\/\/t.co\/h6AoQWidJg\" target=\"_blank\">pic.twitter.com\/h6AoQWidJg<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><use href=\"#wpil-svg-outbound-7-icon-path\"><\/use><\/svg><\/span><\/a><\/p>&mdash; Compass Mining (@compass_mining) <a href=\"https:\/\/twitter.com\/compass_mining\/status\/1608860475122647040?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">December 30, 2022<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><use href=\"#wpil-svg-outbound-7-icon-path\"><\/use><\/svg><\/span><\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/div>\n<\/div><\/figure>\n\n\n\n<p>A Compass official told Decrypt today, after the Thursday ruling was made public, that the &#8220;situation with Dynamics Mining is presently not unusual&#8221; in the sector. We are focused on locating top-notch suppliers and expanding in a sustainable manner, they stated.<\/p>\n\n\n\n<p>On Thursday, a <a href=\"https:\/\/www.google.com\/search?q=Compass+Mining+Wins+lawsuit+against+Dynamics+Mining&rlz=1C1SQJL_enNG889NG889&oq=Compass+Mining+Wins+lawsuit+against+Dynamics+Mining&aqs=chrome..69i57.468j0j9&sourceid=chrome&ie=UTF-8\" target=\"_blank\" rel=\"noreferrer noopener\">court decided in Compass' favor and issued a default judgment against Dynamics<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><use href=\"#wpil-svg-outbound-7-icon-path\"><\/use><\/svg><\/span><\/a> for slightly over $1.47 million, plus fees and post-judgment interest. It is &#8220;not apparent,&#8221; according to Compass in a statement, if it will be able to collect the judgment against Dynamics.<\/p>\n\n\n\n<p>Compass co-CEO Thomas Heller stated in a statement that &#8220;Dynamics Mining infringed the rights of both Compass Mining and our customers, and we're happy the U.S. judicial system has reached a fair conclusion.&#8221;<\/p>\n\n\n\n<p>An &#8220;appeal is now in the process,&#8221; Dynamics, a provider of 100% <a href=\"https:\/\/coinscreed.com\/staging\/10-best-cloud-mining-platforms-in-2022-daily-payouts.html\" target=\"_blank\" rel=\"noreferrer noopener\">renewable energy mining facilities<\/a>, said, blaming documentation that &#8220;was submitted wrongly.&#8221;<\/p>\n\n\n\n<p>The Dynamics official also said that Compass was &#8220;preemptively&#8221; disseminating the word of the court decision in an effort to &#8220;enhance their poor corporate image.&#8221;<\/p>\n\n\n\n<p>Whitney &#8220;Whit&#8221; Gibbs, the company's CEO and co-founder, as well as chief financial officer Jodie Fisher, left Compass in June not long after the Dynamics disagreement came to light.<\/p>\n\n\n\n<p>The price of bitcoin has fallen dramatically this year due to a vicious continuous bear market, which has made things tough for the businesses that mine bitcoins. To enhance liquidity, several businesses had to sell their bitcoin.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Compass Mining, a manufacturer of bitcoin mining equipment, has prevailed in a legal dispute with hosting company Dynamics Mining and received around $1.5 million in the suit. Compass&#8217; hosting relationship was canceled by Kentucky-based Dynamics in June when it was revealed that Compass had not paid the hosting and power fees associated with a facility [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":43215,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[777,12931,12932,1727],"class_list":["post-43213","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-crypto-mining","tag-dynamics-mining","tag-hosting","tag-lawsuit"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/12\/image-117.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/43213","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=43213"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/43213\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/43215"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=43213"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=43213"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=43213"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}