Riot Platforms has agreed to pay $20 million in cash to SBI Crypto to settle a three-year legal dispute between the two parties. The dispute arose from Riot Platforms' Texas-based mining farm terminating a Bitcoin mining hosting agreement. The parties reached a verbal settlement on February 16. Previously, the court ruled to prohibit SBI from using the appreciation of Bitcoin in its damages model. SBI initially sought over $175 million in profit loss damages. Prior to this, Riot's subsidiary Whinstone had completed a $185 million settlement agreement in April 2025.
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Riot Platforms has agreed to pay $20 million in cash to SBI Crypto to settle a three-year legal dispute between the two parties. The dispute arose from Riot Platforms' Texas-based mining farm terminating a Bitcoin mining hosting agreement. The parties reached a verbal settlement on February 16. Previously, the court ruled to prohibit SBI from using the appreciation of Bitcoin in its damages model. SBI initially sought over $175 million in profit loss damages. Prior to this, Riot's subsidiary Whinstone had completed a $185 million settlement agreement in April 2025.