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Bitcoin (BTC) mining data center operator Compute North filed for Chapter 11 Bankruptcy, adding that CEO Dave Perrill resigned earlier in September.
The post Bitcoin mining firm Compute North files for bankruptcy, CEO resigns appeared first on CryptoSlate.
Compass Mining, a hosting company offering managed mining services to Bitcoin (BTC) miners, announced that both its CEO and CFO have resigned.
The post Compass Mining denies allegations of $1.2M unpaid electricity bill, CEO, CFO resign appeared first on CryptoSlate.
The CEO and CFO of Compass Mining firm have left their job positions at a time when the firm is experiencing challenges to maintain its operations. The miner has appointed interim officials to take over. (Read More)
The facility owner Dynamics Mining publicly took to Twitter to share the letter terminating its hosting agreement with Compass Mining, saying it had unpaid bills.
Compass Mining, an American cryptocurrency mining firm, is looking for buyers for its gears stranded in Russia in a bid to avoid being sanctioned by the United States Department of Treasury. (Read More)
The new mining operations manager for Compass Mining discusses his experience, offers tips for mining at home and predicts the industry’s future.
Does the Compass Mining CEO know something we don’t? Is The United States mining Bitcoin? Whit Gibbs was a guest in a recent episode of Anthony Pompliano’s “The Best Business Show” and spilled the beans… or did he? The host cleverly disguised his question by talking about other countries following El Salvador’s footsteps and starting mining Bitcoin. He also mentioned Venezuela and other not-friendly to the U.S. countries already doing it. Then, he asked point-blank, what would it take for their country to start mining? Related Reading | Will Bitcoin Mining Backed Volcano Bonds Be Enough To Ward Off The IMF? “The United States is already mining,” Gibbs answered. And then softened the blow with a “Maybe.” If true, this is huge. And the implications are even greater. “They might have like 10 or 20 watts running somewhere in the midwest to test it out. Maybe. It’s hypothetically speaking. But, it’s a matter of national security.” Was that hypothetical? Or was the Compass Mining CEO giving us inside information? That’s what we’ll try to figure out. But first, here’s the video: What Does The Compass Mining CEO Know? Well, for starters, he knows Bitcoin is the hardest asset ever created. “When it comes to mining, when you’re talking about what Bitcoin is, whether it’s a store of value, it’s a medium of exchange. It’s the future financial instrument that many, many things are going to be built on top of. Nations would have to be absolutely out of their mind to not be getting some exposure to the underlying infrastructure which supports it.” So, it’s safe to say that the Compass Mining CEO is bullish on Bitcoin. Why do we think he might know something the rest of the world doesn’t, though? Gibbs continues, “So, the US I think is on the front foot. We’ve had a lot of conversations with the government in DC, state governments, to help educate them, but they are very forward-thinking when it comes to supporting this.” So, does the Compass Mining CEO know something we don’t? Is The United States mining Bitcoin already? Gibbs completes the idea by saying that El Salvador is showing the way to countries that are not at the forefront and, historically, have been hurt by the current system. They now know that being early to Bitcoin can make a huge impact and “get them there.” BTC price chart for 12/03/2021 on FTX | Source: BTC/USD on TradingView.com Other Countries That Are Already Mining Bitcoin Story Time With Pomp And Gibbs. The host senses that the guest knows something and tries to get it out of him. Pompliano shares a story with him: he knows that in 2012-2013 a Federal law enforcement agency was mining Bitcoin. The rationale was that they couldn’t get a budget approved to buy Bitcoin at exchanges to fund black/ undercover operations. So, they filled papers to get computers instead and started mining. The Bitcoin they got was untraceable, it had no history. And they used it to run operations. Then, it was Gibbs’ turn. “So, this is how you get in trouble,” the Compass Mining CEO answered. Cleverly, he shifted the focus from the U.S. to other countries. According to Gibbs, a North African country that’s a hotspot for the United States is getting into Bitcoin Mining. This is happening at the presidential level. Related Reading | Bitcoin Mining In The U.S.: 4 States Attract The Most Miners Also, he lives in Latvia. A very close neighbor of Latvia, “that may have stopped a plane no too long ago, to remove a journalist,” is already mining Bitcoin with nuclear power. The Compass Mining CEO closes his stellar presentation with, “I don’t believe that they’re mining Bitcoin to skirt sanctions. I believe that they’re mining Bitcoin because they see it as the future, and they want to boost their economy, they want to grow.” You read it here first, Bitcoin is the future and many world leaders know it. Featured Image by Christopher Skor on Unsplash - Charts by TradingView
Compass Mining is launching a sales platform for individual miners where anyone can register as a vendor to buy and sell used ASICs.
Compass Mining partners with Red Jar Digital Infrastructure to pioneer Bitcoin mining in Ontario, Canada.
Discussing Bitcoin mining accessibility for the masses with Whit Gibbs of Compass Mining.
The bitcoin-first, proof-of-work mining company has launched a new service to bring bitcoin mining to U.S. households on demand.
Bitcoin (BTC) mining firm Marathon Digital reported a quarterly record of 2,195 BTC mined over the first quarter of 2023, currently worth around $62 million. Marathon explained in an April 3 update that the 2,195 mined BTC is a 74% increase from the first quarter of last year and a 41% increase from Q4 2022. [...]
The post Marathon Digital posts quarterly record of 2,195 Bitcoin mined in Q1 appeared first on Crypto Breaking News.
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