BitNile, a division of publicly traded Ault Alliance (Ault), is removing 6572 mining machines from a Texas facility previously owned by Compute North, which said the address was "no longer politically feasible".
After Compute North filed for bankruptcy maintenance in mid-late September, the installed capacity of the Wolf Hollow site was 300MW, which was recovered by the loan company Generate Capital. American BTC Enterprises (USBTC) are all users of Compute North and are currently managing the operation of Wolf Hollow. USBTC is allowed to compete with Hut 8 Mining (HUT) this week.
About a month before Compute North filed for bankruptcy, BitNile had signed an agreement with Compute North to take care of its equipment. BitNile said in a statement on Friday that the mining rig has begun to be transported to another address. Milton Todd III, director of Oort, called such a thing "very frustrating".
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Tue, 18 Apr 2023