Bitcoin mining firm Marathon Digital faces $138 million fine for violating non-circumvention agreement

Leading Bitcoin mining company Marathon Digital faces $138 million fine for breach of confidentiality or non-circumvention agreement. Michael Ho, former co-founder of US Bitcoin Corp and chief strategy officer of mining company Hut 8, won a unanimous jury verdict in his breach of contract lawsuit against Marathon Digital Holdings. Affeld England & Johnson LLP, which represented Michael Ho, explained that in 2020, the executive developed a growth strategy for Marathon, including the development of a large-scale Bitcoin mining facility in North America. According to the law firm, Marathon violated their agreement with Michael Ho and executed the strategy without compensation for the proprietary information he provided, essentially violating their non-circumvention agreement. David Affeld, one of the partners in charge of the case at Affeld England & Johnson LLP, said the verdict highlights the importance of fulfilling commitments and choosing the right business partners. Affeld also said that the unanimous jury verdict of $138 million in damages against Marathon vindicated Michael Ho's efforts and expertise. "It emphasizes the importance of fulfilling contractual obligations and respecting professional relationships," Affeld added. Marathon has not yet commented. (Cointelegraph)