Another Bitcoin Miner Eats Dust, Files for Bankruptcy
Bitcoin mining company Aquifer LLC became the latest victim of falling BTC prices. The privately-funded Californian company recently filed for bankruptcy protection after allegedly facing losses in its Bitcoin mining services. In its filling to the US court, Aquifer mentioned its outstanding liabilities to be hovering between $1m and $10m, so do their assets' value. The number of creditors meanwhile were declared to be less than 49. By looking at the Aquifer official LinkedIn profile, it is clear that the company indeed had invested a large sum into their business. It includes a power....
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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 filed on September 22, indicates the company looks to stabilize operations in order to repay creditors.
Compute North Files for Chapter 11 Bankruptcy Protection
Five months ago last April, Compute North revealed the company was building a 300 megawatt (MW) data center in Texas. Months before that at the end of 2021, Compute North entered a deal with Marathon Digital Holdings (Nasdaq:....
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