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Compute North Snags $25 Million To Expand Mining And Custody Business
Summary: Compute North, one of the fastest-growing Bitcoin mining companies in North America, announced that it has raised $25 million through debt and equity financing. The new capital would go towards expanding the Bitcoin mining and custody business. Compute North hopes to use the new funds to double the hash rate to 1,840 PH/s. Last month, Compute ...
Compute North, one of the fastest-growing Bitcoin mining companies in North America, announced that it has raised $25 million through debt and equity financing.
The new capital would go towards expanding the Bitcoin mining and custody business. Compute North hopes to use the new funds to double the hash rate to 1,840 PH/s.
Last month, Compute North partnered with Foundry Digital to acquire 14,000 Whatsminer M30 from MicroBT, adding 47 MW of capacity to its mining business.
By Mary Liu
Tags: Bitcoin,Bitcoin Mining,Compute North,Foundry Digital,MicroBT
Link: Compute North Snags $25 Million To Expand Mining And Custody Business [Copy]
