Riot Blockchain Sues Northern Information Over Disclosures Associated to Texas Bitcoin Mine Acquisition

Riot Blockchain Sues Northern Information Over Disclosures Associated to Texas Bitcoin Mine Acquisition

by Jeremy

Within the lawsuit filed on Sept. 7 in a Delaware court docket, Riot claims that Germany’s Northern Information did not disclose $84 million in liabilities to a 3rd get together, which the third get together requested for in April of this yr. On the time, Riot was attempting to barter the ultimate closing value for the acquisition however Northern Information “delayed and obfuscated,” the lawsuit claims. Riot additionally says that Northern Information continues to stall negotiations and has delayed paying virtually $114 million it owes to Riot.

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