Credit: AdobeStock Affeld England & Johnson Secures $138 Million Verdict for Bitcoin Miner in Contract Breach Suit
The unanimous jury verdict was released Thursday following a two-week trial in federal court. Plaintiff Michael Ho, formerly a co-founder and CEO of US Bitcoin Corp. and now chief strategy officer at bitcoin mining company Hut 8 Corp., was represented by David Affeld and Edward Johnson.
July 19, 2024 at 07:19 PM
3 minute read
Cryptocurrency
The original version of this story was published on The Recorder
What You Need to Know
- The miner, Michael Ho, alleged that crypto mining company Marathon Digital Holdings breached a nondisclosure/noncircumvention agreement with him after he shared proprietary information about an energy producer with the company.
- Ho originally sought $30,000 in damages.
Los Angeles firm Affeld England & Johnson secured $138 million in damages for a crypto mining entrepreneur against Las Vegas digital asset tech company Marathon Digital Holdings in a breach-of-contract suit.
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