Bitcoin mining firms Compass and Dynamics spar over payments and 'hostage' hardware by catarinalsm
Compass Mining has sued its hosting provider Dynamics Mining, seeking to regain access to mining equipment at a facility in main.Bitcoin miner Compass and one of its hosting providers in Maine, Dynamics Mining, are involved in a growing spat that started over claims of missed payments.saying that it had terminated a hosting agreement with Compass on June 14 and accused the miner of missing three payments and being late on six others.
"It appears that Dynamics misunderstood the contracts that it signed with respect to its facilities and its obligations thereunder. Compass has performed all of its obligations under its contracts with Dynamics, including its financial obligations," the company said.Per the reported complaint, Compass alleged that Dynamics had blocked access to one of its Maine facilities and might even be using the equipment on-site to mine for itself.
Dynamics, however, said on Twitter that some of the money it received from the company was intended as loans to build the facilities that would host Compass hardware.
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