Tag: Compute
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 t [...]
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.
www.coindesk.com [...]
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 [...]
Bitcoin Miner BitNile Pulls 6,500 Rigs from former Compute North Site
The miner signed a hosting deal with bankrupt Compute North in September for a site that is now managed by USBTC.
www.coindesk.com [...]
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, [...]
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 inc [...]
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 [...]
Lender Generate Capital to Buy Bankrupt Bitcoin Miner Compute North's Stake in Two Bitcoin Mining Facilities
The lender is paying $5 million in cash and assuming liabilities associated with the two sites, which total 400 MW of operating capacity.
www.coindes [...]
Bitcoin Miner Marathon Invested $31.3M in Bankrupt Data Center Compute North
However, the miner said its King Mountain and Wolf Hollow sites are not directly subject to Compute North’s bankruptcy process. Marathon said it didn’ [...]
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 it [...]
Bitcoin Miner Marathon Digital Downgraded at BTIG on Headwinds From Compute North’s Bankruptcy
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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 wi [...]
Crypto Mining Data Center Provider Compute North Files for Bankruptcy Protection
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Bitcoin Miner Marathon to Start Energizing Texas Rigs At Compute North Facility
Compute North has now energized 40 megawatts (MW) of a 280 MW wind powered facility in Upton County in West Texas, according to a Monday press release [...]
Compass Mining Teams Up With Compute North for 75MW Site in Texas
Compass Mining plans to deploy 25,000 ASICs to the new data center in Texas
www.coindesk.com [...]