Crypto mining firm Riot Platforms — formerly Riot Blockchain (NASDAQ:RIOT) — has taken legal action against Texas-based Bitcoin (BTC) miner Rhodium Enterprises to recover “more than $26 million” in alleged unpaid mining facility fees.
According to Riot Platform’s Q1 2023 financial report published on May 10, Rhodium allegedly breached its contract with Riot by failing to pay hosting and service fees associated with using Whinstone’s Bitcoin mining facilities, a wholly owned subsidiary of Riot.