Compute North Raises $25 Million To Expand Bitcoin Mining Operations

Compute North Raises $25 Million To Expand Bitcoin Mining Operations

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 Road Group, according to a press release shared with Bitcoin Magazine. With this new capital funding, the company hopes to double its current 920 peta hashes per second (PH/s) hash rate to 1,840 PH/s, per the release.....


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