Tag: compute north

Nov 03 2022

Compute North paid top execs roughly $3M benefits before filing for bankruptcy

Nov 03 2022 Published at CryptoSlate under tags  bankruptcy bitcoin compute north

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...

Oct 06 2022

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, according to an Oct. 6 press statement. The press...

Sep 24 2022

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 filed for Chapter 11 bankruptcy in the United States Bankruptcy Court for the Southern District of Texas on Friday, citing mounting pressure on its operations from increased energy costs, the...

Feb 09 2022

Compute North Raises $385M In Capital Growth Round

The growth round comprises $85 million in a series C equity closing and $300 million in debt financing.Computing infrastructure provider Compute North closed its next growth capital round of $385 million, comprising $85 million in a series C equity closing and $300 million in debt financing, the company said in a statement sent to Bitcoin Magazine.Energy and commodity trading company...

Dec 17 2021

Compute North Supports Nebraska’s Storm Restoration Efforts With Energy Curtailment

The company quickly powered down part of its data center to provide needed relief to Nebraska’s energy grid.Bitcoin mining infrastructure provider Compute North helped the Nebraska Public Power District’s (NPPD’s) storm restoration efforts on Wednesday by quickly reducing the power usage of a 100 megawatt (MW) data center. Severe weather across the state damaged power lines and affected more than 7,000 NPPD...

Dec 01 2021

Bitcoin Miner Marathon Expands Compute North Hosting Deal To Over 100,000 Rigs

Under the new terms, Compute North will host over 100,000 of Marathon’s miners across the U.S., helping the firm’s operations become 77% carbon neutral.Marathon has expanded its May agreement with Compute North to accommodate more miners in different regions of the U.S.The infrastructure provider will now host and manage over 100,000 of Marathon’s bitcoin miners.Upon full deployment,...

Oct 19 2021

Compute North And Atlas Mining Partner Up To Expand Their US Operations

Atlas expands its US mining operations in a 100MW deal with Compute North.Two giants of the bitcoin mining world — Atlas Technologies and Compute North — are partnering up to take advantage of an unprecedented time to expand their US operations just as interest in US mining is at an all-time high.Serious chip shortages and backed-up supply lines resulting in equipment...

May 24 2021

Compute North To Host 70,000 Marathon Bitcoin Miners At Texas Data Center

Marathon Digital holdings will house 73,000 mining rigs at a Compute North data center being built in Texas.A press release issued today by Marathon Digital Holdings, Inc. has indicated that the company will house roughly 73,000 of its...

Apr 21 2021

Bit Digital, Compute North Partner To Drive Sustainable Bitcoin Mining

Bit Digital will be colocating in Compute North facilities to leverage its renewable-energy-focused design for bitcoin mining.Bit Digital, one of the largest bitcoin mining companies in North America by hash rate, is expanding its operations by colocating in Compute North facilities, adding an additional 40 megawatts of hashing power with 13,000 new ASIC miners to its arsenal, according to a...

Feb 11 2021

Compute North Raises $25 Million To Expand Bitcoin Mining Operations

Feb 11 2021 Published at Bitcoin Magazine under tags  compute north funding mining

Compute North, one of the fastest-growing bitcoin mining companies in North America, has announced the close of a growth capital round that netted $25 million in debt financing and equity, which it will use to expand its operations in light of ongoing demand for its data and colocation services. The debt capital was raised as a senior secured loan via investment firm Post...

Jan 13 2021

Compute North, Foundry Digital Partner To Bring More Bitcoin Mining To North America

Compute North, one of the largest bitcoin mining companies in North America with mining farms in Big Spring, Texas; Kearney, Nebraska; and North Sioux City, South Dakota, is taking a great leap forward through a new partnership with financial services firm Foundry Digital, a subsidiary of Digital Currency Group based in Rochester, New York. Through the partnership, Foundry will supply 14,000 new Whatsminer...

Compute North, Foundry Team Up to Target North American Bitcoin Miners

The partnership is designed to lower the high cost of entry for would-be bitcoin miners.

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