IREN will pay 20 million USD to NYDIG to settle disputes linked to a 107.8 million USD debt. The loans, taken in 2021, financed around 35,000 Antminer S19 rigs. This settlement resolves all litigation, ensuring protection for IREN’s affiliates and executives.
The settlement, reached in August, requires court approval. Once finalized, it will safeguard IREN’s affiliates and executives from further litigation regarding the defaulted loans tied to their Bitcoin mining operations.
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