UniCredit, the second-largest bank in Italy and the Bitcoin (BTC) mining farm Bitminer Factory faced off with each other in the Banja Luka court of the Bosnian city, and the court decided that the bank must compensate Bitminer with 131 million euros which are US 114 million dollars to the claimant.
According to the court of Banja Luka, the bank did not possess any valid or sufficient reasons to freeze the bank account of Bitminer Factory Gradiska LLC and their operation. The estimated loss of the Bitminer factory amounts to 131 million euros according to the company, and the company also stated that the freezing of its bank account had hampered the initial coin offering of a new project regarding the crypto coin mining sector with the help of renewable energy in Herzegovina and Bosnia.
UniCredit cited the fact that they are inefficient in doing business with a supplier of digital currency and exchange platforms, but the court decided that the claim of the bank is neither confirmed nor justified by the written policies of the bank. Therefore, the court accepted the number provided by Bitminer Factory Gradiska LLC.