After bitcoin miner Compass Mining sued hosting provider Dynamics Corp in June, a judge found in its favor.
On Thursday, a Delaware Court ordered the business to pay a total of $1.47 million.
Compass is unsure whether it will be able to recover the money because Dynamics’ “attorneys withdrew from the matter for non-payment,” according to a statement.
“It’s not over yet, “Dynamics told The Block in a statement. “Some paperwork was submitted erroneously, but an appeal is being prepared.”
The feud between the two companies heated up in June, when Dynamics announced the termination of a hosting deal with Compass and accused the company of missing and late payments. The verdict comes at a difficult moment for miners.
Compass called the charges “totally false” and launched a lawsuit alleging that Dynamics was keeping its equipment “hostage.” According to Law360, it also stated that it spent approximately $1.7 million toward the construction and operation of three facilities, but that Dynamics had failed to meet some of its responsibilities. A court ruling authorized Compass access to the machines in July.
The payments outlined in the application for default judgment account for overbilled and unreimbursed amounts, as well as deposits and capital expenditures paid by Compass for the development of various facilities. Dynamics was also ordered to pay post-judgment interest and collection expenses by the court.
“Dynamics Mining violated the rights of both Compass Mining and our clients, and we’re grateful the United States judicial system reached a just conclusion,” Compass Mining co-CEO and co-founder Thomas Heller said in a statement.
Mining machines from individual clients are hosted by Compass Mining at facilities around the United States and Canada. Dynamics was responsible for about 1% of Compass Mining’s contracted capacity.