Share this article
BTC
$85,208.61
+
0.23%ETH
$1,616.84
+
0.84%USDT
$0.9997
-
0.01%XRP
$2.0834
-
0.18%BNB
$593.81
+
0.11%SOL
$141.30
+
2.17%USDC
$0.9997
-
0.01%DOGE
$0.1589
-
0.41%TRX
$0.2430
+
0.51%ADA
$0.6325
+
0.08%LEO
$9.3275
+
0.64%LINK
$13.07
+
2.35%AVAX
$19.93
+
3.35%XLM
$0.2464
+
0.75%TON
$2.9935
-
0.31%SHIB
$0.0₄1236
+
0.86%SUI
$2.1680
+
0.99%HBAR
$0.1665
-
0.54%BCH
$341.28
+
0.88%HYPE
$18.42
+
4.22%Sign Up
- Back to menuPrices
- Back to menuResearch
- Back to menuConsensus
- Back to menu
- Back to menu
- Back to menu
- Back to menuWebinars & Events
Bitcoin Miner BitNile Pulls 6,500 Rigs From Former Compute North Site
The company signed a hosting deal in August with now-bankrupt Compute North for a site that is now managed by USBTC.
BitNile, a subsidiary of publicly traded Ault Alliance (AULT), is removing 6,572 mining rigs from a Texas facility that was formerly owned by Compute North, calling the site "no longer economically viable."
With 300 megawatts (MW) of power capacity, the Wolf Hollow site was acquired by lender Generate Capital after Compute North filed for bankruptcy protection in late September. U.S. Bitcoin Corp. (USBTC), which was also a Compute North client, is now managing operations at Wolf Hollow. USBTC this week agreed to merge with Hut 8 Mining (HUT).
STORY CONTINUES BELOW
About one month prior to the Compute North bankruptcy filing, BitNile had signed an agreement with Compute North to host its machines. The mining rigs now have begun being shipped to another location, said BitNile in a Friday statement. Ault Executive Chairman Milton “Todd” Ault III called the situation "very frustrating."
Read more: Shares of Bitcoin Miner Hut 8 Slump on Merger With US Bitcoin Corp.
Eliza Gkritsi
Eliza Gkritsi is a CoinDesk contributor focused on the intersection of crypto and AI, having previously covered mining for two years. She previously worked at TechNode in Shanghai and has graduated from the London School of Economics, Fudan University, and the University of York. She owns 25 WLD. She tweets as @egreechee.
