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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 outlook on bitcoin (BTC) as major players like Compute North and Core Scientific have previously filed for chapter 11 bankruptcy protection.
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.
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.
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.
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.
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.
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.
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.
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. Cipher Mining is looking to sell up to $250 million in stock from time to time in an "at-the-market” (ATM) offering.
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.