Compass Mining loses facility after allegedly failing to pay power bill
Bitcoin (BTC) mining hardware and hosting company Compass Mining has lost one of its Maine-based hosting facilities after the owner, Dynamics Mining, terminated the hosting agreement between the two, claiming Compass failed to pay the required bills.
Dynamics posted on Twitter late on June 26 a letter it sent to Compass Mining which stated as of June 14th, the hosting contract between the two was terminated. Dynamics alleged Compass has six late payments and three non-payments related to utility bills and hosting fees.
Effective June 14th @compass_mining facility hosting agreement in Maine was terminated by @dynamics2k for failure to pay power consumption charges. 6 late payment and 3 non payments. @MiningScandals pic.twitter.com/cSfnWMmqTY
In a follow-up tweet a few hours later, on June 27, Dynamics alleged the power consumption bills totaled $1.2 million, and Compass had only paid around $665,000. It said Compass claims to have given the money required for the bills, but Dynamics alleged it was used to build other facilities instead.
Cointelegraph contacted both Dynamics Mining and Compass Mining for comment but did not receive a response from either by publication time.
The very public situation caused Compass Mining CEO Whit Gibbs to say it would “fight this battle in court, not on Twitter.”
But the individual behind the Dynamics account hit back at Gibbs, saying all Compass had to do “was pay $250k for three months of power consumption” and that “Twitter is the voice of your customer base, not the courtroom.”
@compass_mining all you had to was pay $250k for 3 months of power consumption. Since you don't give your clients their Serial Numbers I couldn't even help them. Twitter is the voice of your customer base, not the
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