Default featured image

GAW Bitcoin Miners Sued by Mississippi Power Company

Avatar newsbtc 4 years ago

Bitcoin miners servicing GAW were sued by Mississippi Power Company (MPC) for non-payment and breach of contract earlier this month, with the company seeking close to $350,000 including interest and court fees for the lawsuit. In particular, the company is claiming around $224,000 in services repayment, $50,000 in costs for GAW, and $73,493.48 in utility claims.

The lawsuit was filed last week in the Southern District Court for the Southern District of Mississippi, with MPC being represented by Balch and Bingham LLP.

Bitcoin Miners Lawsuit

GAW has already ceased bitcoin miners operations for months before the lawsuit was filed. According to the complaint, “By GAW failing to make payments on a monthly basis for electric service provided by MPC, it is in breach of the contract. Additionally, by failing to complete the one-year term under the contract, GAW is in breach of the contract. Due to GAW’s breach of the contract, MPC has suffered certain damages, including, but not limited to, the Installation Cost, the Monthly Minimum Amounts and the Past Due Balance.”

According to the court filing, GAW became a client of MPC in September last year and the power company spent $49,335.20 transformers and equipment to supply GAW with electricity. However, GAW allegedly failed to meet its payment obligations and made only one payment between the start and end of the services from MPC.

“MPC began to provide electric service to GAW on or about October 15, 2014. Since that time, MPC has billed GAW on a monthly basis. To date, GAW has only made one payment to MPC for the electric service provided, despite MPC’s monthly billing statements being sent to GAW,” as indicated in the complaint. On January 27, MPC shut off power to GAW as requested by the latter.

Neither GAW nor MPC provided further clarification on the matter, as lawyers of both parties are settling the dispute in court.

Tags: BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Nexo

Instant loans by local bank transfer using your crypto as collateral without selling it. Earn up to 6.5% interest per year on your Stablecoins & EUR.

Ad
KuCoin

Kucoin is the most trusted crypto exchange with 200 tokens.

Ad
Show comments