According to the statement, Foundry will buy two turnkey sites located in North Sioux City, SD, and Big Springs, TX, with a fully operational capacity of 6 MW and 11 MW, respectively.
Mike Colyer, CEO of Foundry, stated:
“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.”
Following the agreement, Foundry will also have the right to fully renovate and run Compute North’s plant in Minden, Nebraska. The agreement will also cover the miner’s intellectual property and a fleet of its mining equipment.
The company is a subsidiary of Digital Currency Group (DCG). In the aftermath of FTX’s collapse, DCG’s Genesis ceased redemptions and new loan originations last week, maybe declaring bankruptcy.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Harold
Coincu News
Best Cryptos to Invest in December 2024: Qubetics surges past $2.6M, Solana’s whale pump ignites…
As Bitcoin reaches unprecedented heights and the market surges, he's highlighting five altcoins poised for…
With the crypto market reaching new peaks, many are eager to discover digital currencies poised…
XYZVerse, blending sports passion with meme energy, is set to make a significant impact, uniting…
Will Bitcoin Crash?" seems to be one of the most controversial questions, as the price…
There’s always that one coin people wish they hadn’t overlooked. For many, Cosmos ($ATOM) is…
This website uses cookies.