Compute North

Hut 8 CEO on Securing Up to $50M in Loans From Coinbase, State of Bitcoin Mining

Hut 8 Mining has secured up to 50 million in loans from Coinbase Credit to fund its operations Jaime Leverton CEO of the North American digital asset miner joins First Mover to discuss working with Coinbase Credit and what the loans will be used for Plus Leverton's insights on the state of crypto mining and [...]

By CoinDesk Staff

Jun 28, 2023 at 2:41 p.m. UTC

Jun 28, 2023

cdtvFM ClipJaime LevertonCompute NorthCore ScientificHut 8 MiningCoinbase credit

Saxet Infrastructure Group, a new company, is building a data center in Corpus Christi, Texas. (Saxet Infrastructure Group)

Finance

Bitcoin mining

Out of Compute North’s Bankruptcy Rises 300MW Bitcoin Miner With Novel Energy Offering

Born out of the ashes of the Compute North bankruptcy, the new venture aims to give customers control over their energy strategy.

By Eliza Gkritsi

Apr 26, 2023 at 1:00 p.m. UTC

Apr 26, 2023

Bitcoin MiningMining CentersTexasBankruptcyCompute NorthExclusive

Policy

Mining

Compute North’s Reorganization Plan Approved by Bankruptcy Judge

The hosting firm, one of North America’s largest, settled $250 million in secured debt and came to terms with about 11 companies.

By Eliza Gkritsi

Feb 16, 2023 at 8:52 p.m. UTC

Feb 16, 2023

MiningMining CentersBitcoin MiningCompute NorthBankruptcy

Finance

Marathon digital

Bitcoin Miner Marathon Expects to Recover Less Than Half Its Deposit From Bankrupt Compute North

In its monthly update the company also disclosed additions to its bitcoin stack and the payoff of some debt.

By Aoyon Ashraf

Dec 6, 2022 at 10:26 p.m. UTC

Dec 6, 2022

Marathon DigitalBitcoin MiningMiningCompute North

Antminer bitcoin mining rigs displayed at Consensus 2021 (Christie Harkin/CoinDesk)

Finance

Compute north

Crypto Mining and Staking Firm Foundry Buys Some of Troubled Bitcoin Miner Compute North's Assets

Foundry will buy two mining facilities and has an option to acquire a third site that is under development.

By Aoyon Ashraf

Nov 22, 2022 at 11:29 p.m. UTC

Nov 22, 2022

Compute NorthFoundryMiningBitcoin

Finance

Compute north

RETRACTION: Compute North Did Not Pay Execs $3M on the Day It Declared Bankruptcy

The filing states the money was paid over the course of the year ended Sept. 22, not that day as CoinDesk reported earlier based on a mistaken reading of the document.

By Eliza Gkritsi

Nov 3, 2022 at 12:15 p.m. UTC

Nov 3, 2022

Compute NorthBankruptcyBitcoin MiningMining Centers

Finance

Bitcoin mining

Lender Generate Capital to Buy Bankrupt Bitcoin Miner Compute North's Stake in 2 Bitcoin Mining Facilities

The lender is paying $5 million in cash and assuming liabilities associated with the two sites, which total 400 MW of operating capacity.

By Eliza Gkritsi

Nov 1, 2022 at 8:01 p.m. UTC

Nov 1, 2022

Bitcoin MiningCompute NorthBankruptcyMining CentersTexasNebraska

S. Korean Judge Reportedly Dismisses Arrest Warrant for Terra Exec Yu; Bitcoin Miner Marathon Invested $31M in Bankrupt Data Center Compute North

Video

Cdtv

S. Korean Judge Reportedly Dismisses Arrest Warrant for Terra Exec Yu; Bitcoin Miner Marathon Invested $31M in Bankrupt Data Center Compute North

A South Korean judge canceled the arrest warrant for Yu, Terra’s head of general affairs at Terraform Labs, according to Yonhap News. Plus, Marathon Digital’s investment of $31.3 million in bankrupt data center Compute North.

By CoinDesk Staff

Oct 6, 2022 at 8:08 p.m. UTC

Oct 6, 2022

cdtvaab clipSouth KoreaMarathon DigitalTerraterraform labsCompute NorthYuYonhap News

Compute North Files for Bankruptcy; Cipher Considers Selling up to $250M in Stock

Video

Cdtv

Compute North Files for Bankruptcy; Cipher Considers Selling up to $250M in Stock

Shareholders of bankrupt crypto lender Celsius Network have filed to claw back their investments and get first dibs on proceeds from the sale of certain assets. Crypto-mining data center operator Compute North filed for bankruptcy, citing the market rout.

By CoinDesk Staff

Sep 23, 2022 at 7:59 p.m. UTC

Sep 23, 2022

cdtvaab clipCipher MiningCelsiusCompute North

Marathon Digital Downgraded on Headwinds From Compute North’s Bankruptcy

Video

Cdtv

Marathon Digital Downgraded on Headwinds From Compute North’s Bankruptcy

Global financial services firm BTIG’s Gregory Lewis has downgraded bitcoin miner Marathon Digital’s stock from “buy” to “neutral” following headwinds from Compute North’s bankruptcy filing. “The Hash” hosts discuss what this means for Marathon Digital and the state of bitcoin mining.

By CoinDesk Staff

Sep 23, 2022 at 5:56 p.m. UTC

Sep 23, 2022

cdtvHash clipBitcoin MiningMarathon DigitalCompute NorthBTIGBankruptcyGregory Lewis