A Mississippi court has ruled in favor of a state electric utility in its case against defunct cryptocurrency mining company GAW Miners.
Mississippi Power Company (MPC) filed suit in April, alleging breach of contract after GAW Miners failed to pay for months of electrical provision as well as infrastructure installation. The utility initially sought $346,647.29 plus interest and court fees.
In a 10th August court order, US District Judge Keith Starrett granted MPC's request for default judgment. MPC is being represented by local law firm Balch & Bingham.
Starrett wrote:
GAW Miners and its CEO, Josh Garza, did not respond to the lawsuit, prompting the plaintiff to request a default judgment in June.
The company also failed to appear in a Connecticut civil case filed by two former GAW customers seeking to recoup losses related to its mining services and paycoin, an alternative cryptocurrency released by GAW late last year.
As a result, MPC said it will take action to collect on the judgement through continued litigation.
“GAW Miners failed to appear and respond to the lawsuit; therefore, Mississippi Power Company was awarded a judgment for all the damages it suffered. We will promptly pursue collection of the judgment through the judicial process," the company told CoinDesk.
Representatives for GAW Miners and Josh Garza did not immediately respond to requests for comment.
The full court order can be found below:
Law image via Shutterstock