Crypto Co. Says Landlord Won't Return Mining Equipment

By Elise Hansen (March 2, 2021, 9:40 PM EST) -- A cryptocurrency mining company's former landlord is wrongly holding on to 1,600 cryptocurrency miners and other computer equipment after its lease expired, according to a complaint filed Tuesday in New York federal court.

Aurum Capital Ventures USA Inc. said that its former landlord, Petawatt Massena LLC, is wrongly preventing Aurum from recovering the equipment. Petawatt has cited unpaid electricity bills, a charge Aurum disputed while arguing that it should get its equipment back regardless.

"Defendants have no legal or contractual right to the 'self-help' of retaining [Aurum's] equipment," the complaint said. "[Aurum] is entitled to immediate custody of its personal property."...

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