Compute North, a data center provider for cryptocurrency miners and blockchain companies, has filed for chapter 11 bankruptcy at a Texas court, as energy costs spiral and the crypto market’s prolonged...
Tag: Compute
Mining Service Provider Compute North Becomes the Latest Casualty of Market Downturn
Cryptocurrency miner Compute North files for Chapter 11 bankruptcy in Texas as the extended crypto winter puts increasing pressure on mining revenues. The Minnesota-based company owes creditors $500 m...
BTC mining firm Compute North files for bankruptcy
Bitcoin (BTC) mining hosting firm Compute North has filed for Chapter 11 bankruptcy amid growing pressure on the firm due to the effects of crypto winter and rising energy costs. The firm’s CEO, Dave ...
Bitcoin Mining Firm Compute North Files Bankruptcy
7 hours ago | 2 mins read Bitcoin News Back in April, the firm said that work had begun on a Granbury, Texas, co-location plant. Compute North has at least 200 creditors who are owed a total of almost...
Bitcoin Miner Marathon Digital’s Shares Downgraded After Compute North Files for Bankruptcy Protection – Bitcoin News
Bitcoin mining firm Compute North filed for Chapter 11 bankruptcy protection in Texas on Thursday as the crypto winter continues to put pressure on crypto mining operations. The bankruptcy petition fi...
Compute North, one of the largest crypto mining firms, files for bankruptcy
CEO steps down The company had closed $385 million in equity and debt this Feb Compute North might be a victim of crypto winter US based cryptocurrency mining company Compute North has filed for bankr...
Troubled Data Center Compute North Struggled With Crypto Winter. Then Its Relationship With a Major Lender Soured
In July, the lender asserted several “technical events of default,” which led to taking control of Compute North assets. Generate Capital exercised its voting rights to take over Compute North subsidi...
Compute North Files for Bankruptcy as Crypto-Mining Data Center Owes up to $500M
However, Hive decided to back out of the deal with Compute North, after seeing risk of higher power costs in Texas, president and chief operating officer, Aydin Kilic, told CoinDesk. “In doing o...
Bitcoin Miner Marathon Digital Downgraded at BTIG on Headwinds From Compute North’s Bankruptcy
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Bitcoin mining firm Compute North files for bankruptcy
Compute North, a leading operator of cryptocurrency mining data centers and which counts multiple top Bitcoin (BTC) mining firms as partners, has filed for bankruptcy. The Minnesota-based company, whi...
Mining firm Compute North Files for Chapter 11 Bankruptcy
Crypto mining firm Compute North has filed for Chapter 11 bankruptcy protection in a federal court. The bitcoin mining hosting provider had been struggling to survive due to the decline in bitcoin pri...
Compute North’s Business Goes South
Low bitcoin prices and rising energy costs have hurt mining companies Daily revenue for bitcoin miners has fallen 70% since the peak of November 2021, Arcana Research data showed Crypto mining data ce...
Bitcoin mining firm Compute North files for bankruptcy, CEO resigns
Bitcoin (BTC) mining data center operator Compute North filed for Chapter 11 Bankruptcy, adding that CEO Dave Perrill resigned earlier in September. The firm reportedly owes $500 million to about 200 ...
Crypto-Mining Data Center Compute North Files for Bankruptcy, CEO Steps Down
Compute North, one of the largest operators of crypto-mining data centers, filed for bankruptcy and revealed that its CEO stepped down as the rout in cryptocurrency prices weighs on the industry. The ...
Bitcoin Miner Marathon to Start Energizing Texas Rigs at Compute North Facility
Compute North has now energized 40 megawatts (MW) of a 280MW wind-powered facility in Upton County in West Texas, according to the Monday earnings release. Marathon will be the exclusive client of thi...
Bitcoin Miner Compass Mining Establishes 75 MW Hosting Partnership with Compute North
Compass Mining, a Bitcoin mining hosting and brokerage services firm based in Delaware, US, announced the completion of a partnership with colocation provider Compute North to secure at least 75 megaw...
Boba Network’s Hybrid Compute – Why It Will Unlock Blockchains’ True Potential
Truth be told, data will always play a key role for both consumers and service providers, be it on Web2 or Web3. Blockchains are lauded for their data immutability, security, and transparency. The abi...
Compute North Reveals Bitcoin Miner Is Building a 300 MW Data Center in Texas – Mining Bitcoin News
The bitcoin mining operation Compute North has announced it is in the midst of constructing a 300-megawatt (MW) data center in Granbury, Texas. According to the mining firm, the data center located ne...
BOBA Network launches hybrid compute on mainnet to enable smarter dApps » CryptoNinjas
Boba Network, a next-generation Ethereum layer-2 Optimistic Rollup scaling solution, today announced that their Hybrid Compute solution is live on Ethereum mainnet. Hybrid Compute integrates smart con...
Bitcoin mining infrastructure firm Compute North raises $385 million
Compute North, a bitcoin mining infrastructure firm that provides equipment hosting services within its data centers, has raised $385 million in equity and debt funding. The equity part of the funding...
Solana Formally Acknowledges Problems With ‘High Compute’ Transactions Clogging the Network – Bitcoin News
Solana, a top ten smart contracts-enabled cryptocurrency by market cap, has acknowledged it is facing a series of problems hindering the performance of its network. The official account of the status ...