Crypto mining and staking firm Foundry will buy two 'turnkey' crypto mining assets with a total of 17 megawatt (MW) computing capacity from bitcoin miner Compute North. Aoyon_A reports
Compute North, one of the world's largest bitcoin mining firms, said in September that it couldn't fulfill debt obligations worth up to $500 million. Since then, its assets have been sold off to different entities, including its own lender, Generate Capital, which bought the company'sAs part of the deal, Foundry will also have rights to completely build out and operate Compute North's facility in Minden, Neb.
"It has been our mission to strengthen the infrastructure of digital assets by supporting mining companies through all market cycles," said Mike Colyer, CEO of Foundry, in the statement."Compute North has been our longtime partner and we are happy to have the opportunity to continue building upon the foundation they have laid over many years while growing the North American mining ecosystem.
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