According to TechFlow, Marathon Digital, the largest Bitcoin mining company by market value, lost a contract dispute case and was ordered to pay $138 million in compensation to plaintiff Michael Ho.
Ho had developed a growth strategy for Marathon, and the court ruled that Marathon violated the non-circumvention agreement by executing the strategy without compensation. Despite facing huge compensation, Marathon still maintains its leading position in the industry, with a market value of $6.77 billion and a doubling of its operating computing power to 26.3 EH/s in June. Analysts believe that this case may affect the business practices and intellectual property protection of the cryptocurrency mining industry.
