One cryptocurrency mining company accused another of gross incompetence in a lawsuit filed Friday in the Southern District of New York, alleging that the defendant company breached its fiduciary duty and its contract to provide management services.
Lawyers with Dontzin Nagy & Fleissig represent the plaintiff, Sphere 3D, an Ontario-based crypto miner that promotes itself as net carbon neutral. Sphere accused the defendant, Gryphon Digital Mining, of wide-ranging failures and a lack of internal controls.
