A decentralized cloud storage network, Filecoin, has made a significant leap forward in its mission to revolutionize decentralized computing and unlock the potential of the open data economy. The File...
Tag: Compute
Judge Approves Compute North Restructuring Plan
A judge approved the mining firm, Compute North’s restructuring program after it filed for bankruptcy in September 2022. According to the mining firm’s lawyer James Grogan, the firm reportedly reached...
Compute North’s plan for liquidation of remaining assets approved by court
Bankrupt hosting provider Compute North’s liquidation plan was approved by a judge with the U.S. Bankruptcy Court for the Southern District of Texas. While the company has already sold a m...
Marathon Digital Looking to Place Bid for Compute North
Compute North, prior to its bankruptcy, served as the biggest hosting provider that Marathon Digital partnered with. American cryptocurrency mining outfit Marathon Digital Holdings Inc (NASDAQ: MARA) ...
Bitcoin miner Marathon won’t bid on bankrupt Compute North’s assets, CEO says
Crypto miner Marathon is not looking to buy any assets from bankrupt hosting provider Compute North, after considering a bid for a stake in the 280-megawatt wind power facility in Texas where it runs ...
Marathon Digital Considers Acquiring Compute North (Report)
One of the largest cryptocurrency miners – Marathon Digital – has reportedly hired restructuring specialists to clarify its exposure to the troubled data center Compute North Holdings. Marathon will ...
Marathon Digital faces trouble on these fronts; is Compute North to blame
Compute North’s bankruptcy left Marathon Digital with a $20 million worth loss Marathon Digital mined 472 BTC in November 2022 Bitcoin mining giant Marathon Digital released its Bitcoin Productions a...
Bitcoin miner Marathon explores Compute North bid: Bloomberg
Marathon Digital Holdings Inc. has hired advisers to help navigate a potential bid for its partner Compute North, a troubled crypto miner currently going through bankruptcy, according to Bloomberg. Ma...
Bitcoin Miner Marathon Expects to Recover Less Than Half Its Deposit From Bankrupt Compute North
In other updates, Marathon said it reduced its revolver borrowings to $30 million from $50 million and – after mining 472 bitcoin in November – has 4,200 unrestricted bitcoin and 11,757 total bitcoin ...
DCG Subsidiary to Acquire Bitcoin Mining Facilities and Other Assets From Compute North
Digital Currency Group’s subsidiary and crypto mining firm Foundry Digital plans to acquire two turnkey crypto mining facilities in the United States from the embattled Bitcoin miner Compute North. In...
Foundry And Compute North Have Reached An Agreement To Purchase Two Mining Sites
The Digital Currency Group company Foundry is focused on crypto asset mining and staking. Recently, it made an agreement to purchase two turnkey mining facilities from Compute North. Foundry purchased...
DCG Subsidiary Foundry to Acquire 2 ‘Turnkey’ Bitcoin Mining Facilities From Compute North – Bitcoin News
Digital asset mining and staking firm Foundry has agreed to purchase two “turnkey” bitcoin mining facilities from Compute North, a bitcoin miner that filed for Chapter 11 bankruptcy protection on Sept...
Bankrupt Compute North Sells $1.55M in Assets to Flared-Gas Bitcoin Miner
Compute North, the bankrupt operator of crypto-mining data centers, has sold some of its assets to green Bitcoin mining business Crusoe Energy. The sale of its container assets will generate just unde...
Insolvent Compute North Sells $1.55M Worth Assets to Rival
11 hours ago | 2 mins read Bitcoin News Compute North has sold part of its assets to Bitcoin mining company Crusoe Energy. Crusoe Energy in Colorado utilizes gas emissions to fuel cryptocurrency minin...
Bankrupt Compute North selling $1.55 million in assets to Crusoe
Bitcoin mining hosting provider Compute North is selling 11 containers for around $1.55 million to Crusoe Energy Systems. The U.S. Bankruptcy Court in the Southern District of Texas, Houston Div...
Compute North paid top execs roughly $3M benefits before filing for bankruptcy
Bankrupt Bitcoin (BTC) mining data center operator Compute North paid its top executives over $3 million in benefits before filing for bankruptcy on Sept. 22, according to an Oct. 28 court filing. The...
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 Chief Financial Officer Tad Piper got $541,000 three months after he left the...
Generate Capital Is Purchasing Two Mining Facilities From Compute North – crypto.news
Generate Capital, a lending company, is acquiring Compute North’s stake in two mega-mining facilities (a 300 MW facility in Wolf Hollow, Texas, and a 100 MW one in Kearny, Nebraska) for $5 million. Ac...
Generate Capital to Purchase Bankrupt Compute North’s Assets in 2 Mining Sites
According to bankruptcy filings on Tuesday, lending firm Generate Capital is purchasing Bitcoin mining hosting firm Compute North’s stake in two mega-mining facilities (a 300-megawatt (MW) facil...
Crypto Mining Firm Compute North Goes Bankrupt
It’s happened again, folks. In the age of crypto bankruptcy and companies falling apart amidst the growing bear market, another digital currency firm has entered legal bankruptcy protections as a mean...
Marathon Digital Reveals $81.3M Exposure To Compute North
9 hours ago | 2 mins read Bitcoin News Marathon does not build or manage its own mining facilities. Marathon noted that the company has the flexibility to move its miners to other sites. Marathon Digi...
Compute North Bankruptcy Will Not Impact Marathon Digitals: CEO Fred Theil
Marathon Digital Holdings announced its “bitcoin production and mining operations updates for September 2022” in a press release on October 6th. Top bitcoin (BTC) and other cryptocurrencies mining com...
Marathon Reveals Over $80m Exposure to Bankrupt Crypto Miner Compute North
Marathon Digital Holdings Inc., on Thursday, revealed that it has over $80 million of exposure to crypto mining data centre firm Compute North Holdings Inc, which filed for bankruptcy protection in th...
Marathon Digital invested over $30 million in bankrupt Compute North
Bitcoin (BTC) miner Marathon Digital has disclosed it invested $10 million in convertible preferred stock and $21.3 million in unsecured senior promissory notes in bankrupt crypto firm Compute North, ...
Court approves more first-day motions in Compute North bankruptcy case
Bankrupt bitcoin mining hosting provider Compute North received approval today to operate its cash management system, pay insurance obligations and file a list of its creditors. Judge Marvin Isgur of ...
Bankrupt Compute North Permitted by Court to Operate Key Functions
Compute North, a cryptocurrency mining startup that filed for bankruptcy last week has been granted a number of permissions to continue some aspects of its business operations. According to Judge Marv...
Compute North’s CFO details the firm’s collapse amid first-day filings
A series of filings is providing more color on why Compute North filed for bankruptcy protection just one day after the firm began the Chapter 11 process. A hearing took place this morning to approve...
Compute North bankruptcy case: CFO declares the cause of filing bankruptcy
Crypto winter among other reasons for initiating chapter 11 proceedings ‘Change’ in relationship with Generate Capital, its largest creditor The company will continue operations after Friday’s hearing...
Compute North sued two months before declaring bankruptcy
Bitcoin mining host provider Compute North is facing a lawsuit from one of its partners for failing to return almost $1.4 million after an agreement went sour. NBTC Limited, a subsidiary of Chinese ga...
Going South: Crypto Mining Company Compute North Goes Bankrupt
Crypto mining data center company Compute North is the latest casualty in the ongoing harsh crypto winter that has of late forced some of the biggest crypto companies to close shop. Compute North file...
Bitcoin Mining Firm Compute North Files for Chapter 11 Bankruptcy – crypto.news
Compute North Holdings, a firm that offers data center services to cryptocurrency miners and blockchain firms, filed for bankruptcy in Texas. Compute North Applies for Bankruptcy Compute North, a Bit...