Gryphon Digital Mining is seeking to block Sphere 3D from using $10 million from a recent settlement with Core Scientific.
The legal battle between Bitcoin miners Sphere 3D and Gryphon Digital Mining has gotten another chapter on March 25, as a new legal action seeks to block $10 million from a recent settlement.
In a pre-motion letter filed by Gryphon with the U.S. District Court for the Southern District of New York, the miner requests permission to file a motion for prejudgment attachment, seeking to secure $10 million in equity proceeds that Sphere recently received from a settlement related to Core Scientific’s bankruptcy exit.
Gryphon wants to ensure that the funds are available to satisfy any judgment it may receive due to Sphere’s alleged breach of contract, which has damages amounting to at least $30 million. Sphere is accused of entering into at least four hosting agreements with other providers, violating the exclusivity clause of their agreement with Gryphon.
