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 shortages are giving companies with ASICs like Atlas Technologies a step up in negotiating new infrastructure space.Atlas Technology Group, a multi-purpose data technology and mining company is adding 100....
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North American bitcoin mining operation Compute North announced a $25 million capital round, allowing for the expansion of its business. The post Compute North Raises $25 Million To Expand Bitcoin Mining Operations appeared first on Bitcoin Magazine.
Bitcoin mining farm operator Compute North and financial services group Foundry Digital are bringing more hash power to North America. The post Compute North, Foundry Digital Partner To Bring More Bitcoin Mining To North America appeared first on Bitcoin Magazine.
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:....
Bit Digital will be colocating in Compute North facilities to leverage its renewable-energy-focused design for bitcoin mining.
Compute North’s hosting partners Compass Mining have stated that the firm will continue to operate business as usual at this stage. 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 Perrill has also stepped down but will remain on the board. The company submitted a Chapter 11 bankruptcy filing in the U.S. Bankruptcy Court for the Southern District of Texas on Sept. 22, which is now pending before Judge David Jones. Under a Chapter 11 filing,....