CORRECTION: RIVER SUES INDEPENDENT MINING ENTITY OVER $6.7 MILLION PAYMENT AGREEMENT, NOT BLOCKSTREAM CORP.
Blockstream Mining (Blockstream Services Canada ULC) was spun out of Blockstream in early 2025 and now operates as an independent company.
It continues to use the Blockstream Mining brand under a licensing arrangement.
The lawsuit names Blockstream Services Canada ULC as the defendant, not Blockstream Corporation.
RIVER SUES BLOCKSTREAM OVER $6.7 MILLION PAYMENT AGREEMENT
River Financial has sued Blockstream Services Canada, alleging breach of contract over a termination agreement requiring Blockstream to pay River roughly $6.7 million.
The agreement included $3.55 million in prepaid refunds and a $3.15 million early termination payment.