Marathon Digital, the world’s most valuable listed Bitcoin mining company, has been fined $138 million for violating the NCND protocol. NCND (Non-Circumvention, Non-Disclosure Agreement), the main content is the agreement involving confidentiality and non-competition clauses.

According to Cointelegraph, the plaintiff in this lawsuit is Michael Ho, the former co-founder of US Bitcoin Corp and chief strategist of mining company Hut 8. According to information provided by his legal team Affeld England & Johnson LLP, Michael Ho laid out a growth strategy for Marathon in 2020, with plans to build a large-scale Bitcoin mining facility in North America. However, after Marathon Digital executed this strategy, it failed to pay him for the proprietary information he provided, violating the NCND agreement with him. The jury returned a unanimous verdict in the case, awarding Marathon Digital $138 million to Ho.

Shares of Marathon Digital were down about 2% premarket, according to Yahoo Finance data.

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