Bitcoin miner Marathon invested $31.3M in bankrupt data center Compute North

10/06 14:25

According to Coindesk, one of the largest bitcoin (BTC) miners, Marathon Digital, said it had invested $10 million in convertible preferred stock and $21.3 million unsecured senior promissory note in different entities within bankrupt data center Compute North. Marathon, which doesn’t own its mining facilities and uses third party data centers to park their computers, also has paid about $50 million in operating deposits to Compute North, according to a statement on Thursday. These deposits were mainly related to security deposits and prepayments associated with the ongoing operation of King Mountain and Wolf Hollow mining facilities in Texas, the company said.
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