Thursday, March 28, 2024
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Blockchain-Based, AI Compute Protocol Gensyn Closes $43M Series A Funding Round Led by a16z Crypto

With its latest round, Gensyn has raised more than $50 million and the company said it would use the fresh capital to accelerate the introduction of the protocol and to expand its workforce, including the addition of protocol and machine learning engineers. Prominent investment firms CoinFund, Canonical Crypto, Protocol Labs,

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Bitcoin Mining Host Compute North Paid Executives $3M on the Day It Declared Bankruptcy

The company paid co-founder and former CEO Dave Perrill $613,000 for payroll and benefits, according to the filing. Former CFO Tad Piper got $541,000 three months after he left the company, President Edward Drake Harvey III and Chief Commercial Officer Kyle Wenzel got about $500,000 each, former Chief Technology Officer

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Bitcoin Miner Marathon Invested $31.3M in Bankrupt Data Center Compute North

The miner said, however, that its King Mountain and Wolf Hollow sites aren't directly subject to Compute North’s bankruptcy process. Marathon said it didn’t face any significant impact at its King Mountain site, although there were some delays at Wolf Hollow, unrelated to the bankruptcy process, according to the statement. Source

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