Marathon reports $80M exposure to bankrupt mining firm

Marathon has outlined that at this stage its operations hosted by Compute North will continue to operate as usual, and highlighted an improved BTC mining production in Q3.

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Marathon Digital invested over $30 million in bankrupt Compute North

Bitcoin (BTC) miner Marathon Digital has disclosed it invested $10 million in convertible preferred stock and $21.3 million in unsecured senior promissory notes in bankrupt crypto firm Compute North, according to an October 6 press statement.

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Bankrupt Compute North Permitted by Court to Operate Key Functions

Compute North, a cryptocurrency mining startup that filed for bankruptcy last week has been granted a number of allowances to continue some aspects of its business operations (Read More)

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Crypto Flipsider News – XRP Rallies 30%; Vasil Launches; Tornado Cash Returns; Bitcoin Miner Bankrupt, The Netherlands Approves Coinbase

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BTC mining firm Compute North files for bankruptcy

Compute North’s hosting partners Compass Mining have stated that the firm will continue to operate business as usual at this stage.

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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.

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Compute North Supports Nebraska’s Storm Restoration Efforts With Energy Curtailment

The company quickly powered down part of its data center to provide needed relief to Nebraska’s energy grid.

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Bitcoin Miner Marathon Expands Compute North Hosting Deal To Over 100,000 Rigs

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.

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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.

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