Bitcoin Miner Stronghold Digital Mining Terminates Custody Agreement With Northern Data

Bitcoin mining firm Stronghold Digital Mining has terminated its custody agreement with Northern Data to reduce some of its liabilities, CoinDesk reported. Terminating the escrow agreement will reduce profit sharing by $10 million to $25 million, Stronghold said. It will also waive the $2.6 million that will be paid to Northern Data. In addition, Stronghold said it had reduced its liabilities by 60% to $59.1 million.