Nasdaq-listed Bitcoin mining company IREN has reached a settlement of $20 million with NYDIG to resolve a long-standing dispute over a loan default related to cryptocurrency mining equipment. The agreement, finalized in August, addresses IREN’s failure to repay a debt of $107.8 million at the end of 2022, which included interest and associated fees. This sum covers loans facilitated by NYDIG in 2021 that financed approximately 35,000 Antminer S19 mining machines. The settlement concludes all pending legal actions regarding this matter, shielding IREN’s subsidiaries, executives, and shareholders from future claims. The resolution awaits court approval for formal closure.