Canada-based Bitcoin (BTC អ) miner Hut 8 Mining Corporation has ramped up its ongoing fight with its power supplier for one of its mining sites, filing a lawsuit in a Canadian court.
ខ្ទម ៨ បាននិយាយថា: on Jan. 26 that it had filed a Statement of Claim in the Superior Court of Justice of Ontario against Validus Power, an energy supplier for a Hut 8 កន្លែងជីករ៉ែ in North Bay, Ontario.
The firms have been in an ongoing dispute since early November due to what Hut 8 alleges is a failure by Validus to “meet its contractual obligations” for the power purchase agreement.
In its new lawsuit, Hut 8 is seeking “monetary damages incurred as a result of the dispute” and enforcement of certain provisions as per the agreement signed by the two companies.
Hut 8 and Validus បានចាប់ផ្តើម working together in late 2021, with Validus initially providing 35 megawatts (MW) of power to North Bay, a figure that បានកើនឡើង to around 100 MW by the end of 2021.
On Nov. 9, Hut 8 បញ្ហា a notice of default to Validus, alleging it failed to achieve milestones by the dates outlined in the power purchase agreement and claiming that the firm demanded Hut 8 pay for energy at a higher price than the agreement called for.
An ធ្វើឱ្យទាន់សម័យ from Hut 8 later that month revealed Validus suspended the delivery of energy to its North Bay site. Validus fired back with its own default notice alleging that Hut 8 failed to pay for its power charges, a claim Hut 8 denies.
We’re in North Bay today touring @Hut8 Mining’s 3rd mining site, with @PowerValidus'' #btc #កាណាដា pic.twitter.com/3BWNQm0Sft
— ខ្ទម ៨ (@Hut8Mining) ខែតុលា 25, 2021
To this date, operations at the site remain suspended. Hut 8 said it is exploring alternatives to mitigate the impact of the dispute, including through “organic and inorganic growth opportunities.”
Before it was taken offline, the North Bay site had 8,800 crypto mining rigs and a អត្រាហាស capacity of 0.84 exahashes per second (EH/s), accounting for over one-fourth of its total production capacity, according to a December investor នាវា.
Cointelegraph contacted Validus and Hut 8 for comment but did not receive an immediate response from either firm.
Source: https://cointelegraph.com/news/bitcoin-miner-hut-8-takes-stoush-with-ontario-power-supplier-to-court