
AiCoin|Aug 30, 2025 05:04
[IREN to Pay $20 Million to Resolve Loan Default Dispute]
IREN announced it will pay $20 million to NYDIG to resolve a dispute stemming from a loan default related to Bitcoin mining equipment. The agreement addresses $107.8 million in debt overdue since the end of 2022 and concludes all related litigation, protecting the company and associated individuals from further claims. The agreement is currently awaiting court approval for formal closure.
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