A Delaware court has ruled that bitcoin mining custodians cannot prevent tenants
A Delaware court has provisionally granted a temporary restraining order filed by Pennsylvania Bitcoin Mining against its escrow company, which blocked access to its miners due to a payment dispute. The restraining order prohibits the escrow provider from blocking access and otherwise taking over the miner's 21,000 miners on the property.
Vice Chancellor Morgan Zurn on March 12 approved a temporary restraining order filed by Bitcoin miner Consensus Colocation and system owner Stone Ridge Ventures against Mawson Hosting, which provides hosting and colocation services for Bitcoin miners. The companies disagreed over alleged unpaid fees, the terms of the agreement, and Consensus's relocation plans, which allegedly led Mawson to block miner personnel from the site.
The companies also allege that Mawson has been operating the mining rigs for their own benefit since February 28, after blocking Consensus from entering the premises. However, Mawson claims that they are entitled to use the rigs under the terms of their agreement with Consensus and that they have a right of first refusal over their relocation plans.