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 Mercuria and leading sustainable infrastructure platform Generate Capital co-led Compute North’s series C financing round. National Grid Partners, the venture investment and innovation arm of energy company....
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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.
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.
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 […]
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:....