BSTR merger transaction termination requires payment of $15 million breakup fee, Blockstream Mining is embroiled in litigation dispute

The merger transaction between BSTR associated with Adam Back and SPAC under Cantor Fitzgerald has been terminated, and BSTR is required to pay a breakup fee of $15 million; Blockstream Mining, co founded by Adam Back, and its partner Exacore have faced multiple lawsuits alleging unpaid equipment, electricity, and customer deposits, with a total financing scale of approximately $2 billion. (Source: Bloomberg)