Whinstone US, a crypto miner, has taken legal action against its private equity partners in a joint mining venture due to issues at the largest mining facility in the US. The lawsuit alleges fraud, conspiracy, and securities violations, claiming that the partners diluted Whinstone US' revenue from mining Bitcoin. The joint venture, named Rhodium, was established in 2020 but faced complications leading to Whinstone US withdrawing from the agreement. The company accuses its partners of restructuring to benefit other ventures, causing financial harm. The lawsuit seeks unspecified damages. This legal battle follows previous disputes, including a lawsuit by Riot Platforms against Rhodium for unpaid fees. The crypto mining industry is witnessing conflicts and legal actions, highlighting the complexities and challenges within the sector. Read more AI-generated news on: https://app.chaingpt.org/news

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