Troubled Data Center Compute North Struggled With Crypto Winter. Then Its Relationship With a Major Lender Soured

Troubled Data Center Compute North Struggled With Crypto Winter. Then Its Relationship With a Major Lender Soured

Compute North’s bankruptcy filing was caused by trouble dealing with one of its biggest lenders – Generate Capital – along with market headwinds and supply-chain disruptions, according to the newly appointed chief financial officer of the operator of data centers used by crypto miners. The company’s Chapter 11 case, revealed Thursday, has rocked a mining industry already under pressure due to the crypto bear market and a global energy crisis, which raises the cost to mine new tokens. Compute North, …