Foley & Lardner offices (Photo: Diego M. Radzinschi/ALM) Largest Crypto Hosting Facility Sues Texas Bitcoin Mining Operation
"The key takeaway is to craft better agreements," said Ishmael Green, a partner at Diaz Reus and a cryptocurrency expert not involved in the litigation.
July 23, 2024 at 03:04 PM
4 minute read
The crypto mining company behind the largest Bitcoin hosting facility in North America has filed a multimillion-dollar securities fraud lawsuit in a Texas state court against joint venture partners and their officers.
A team of Am Law 100 firm partners at Foley & Lardner, led by Robert T. Slovak, brought the lawsuit on behalf of the plaintiff, Whinstone US Inc., accusing the defendants—Imperium Investment Holding LLC, Rhodium Enterprises Inc. and their officers—of forming entities to divert revenue from the crypto mining company.
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