Out of Compute North’s Bankruptcy Rises a 300MW Bitcoin Miner With a Novel Energy Offering
Born out of the ashes of the Compute North bankruptcy, the new venture aims to give clients control over their energy strategy. Original Source
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Compute North’s Reorganization Plan Approved By Bankruptcy Judge
Compute North filed for bankruptcy in September as it was unable to meet its debt obligations. The mining firm has closed 13 asset sales, four of them major, which have “satisfied” all of its secured debt, which was $250 million, said Compute North’s attorney at a Thursday hearing. Source
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Crypto Mining and Staking Firm Foundry Buys Some of Troubled Bitcoin Miner Compute North’s Assets
As part of the deal, Foundry will also have rights to completely build out and operate Compute North's facility in Minden, Neb. The deal will also include rights to a fleet of mining machines owned by the miner, as well as its intellectual property, the statement said. Original Source
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Bitcoin Miner Marathon Digital Downgraded at BTIG on Headwinds From Compute North’s Bankruptcy
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