High-Performance Computing Firm Seeks Order Confirming $478K Arbitration Award

Northern Data NY, a high-performance computing company, seeks an order confirming the May 29 arbitration award issued in its favor against Onyx Digital Farms, a blockchain technology developer, said its petition Wednesday (docket 2:24-cv-00772) in U.S. District Court for Northern Alabama. Onyx and Northern Data entered into a hardware sales and purchase agreement in September 2022 and a nonnegotiable promissory note in October 2022 under which Onyx agreed to pay Northern Data $477,660 in exchange for “certain designated hardware,” said the petition. After Onyx failed to pay that amount, Northern Data filed a demand for arbitration Oct. 20, 2023, with the American Arbitration Association, it said. The award that the arbitrator issued May 29 holds that Onyx breached its obligations under the 2022 agreements and orders that Northern Data will recover $477,660 in damages, plus interest and roughly $80,500 in attorneys’ and administrative fees, said the petition. But Onyx has failed to pay any of the amounts due to Northern Data under the award, it said.