- CEO Dave Perrill said it could take until third-quarter 2022 for bitcoin mining capacity to recover from the recent crackdown in China.
- Compute North has five sites under construction, he said. He did not say where these are.
- Compute North's colocation service entails providing a data center to host mining equipment. The Minnesota-headquartered firm currently operates three such facilities, in Texas, Nebraska and South Dakota.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.