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Bitcoin mining firm Compute North filed for Chapter 11 bankruptcy protection in Texas on Thursday as the crypto winter continues to put pressure on crypto mining operations. The bankruptcy petition filed on September 22, indicates the company looks to stabilize operations in order to repay creditors. Compute North Files for Chapter 11 Bankruptcy Protection Five … Read more
On September 2, the crypto market aggregation web portal Coingecko.com published a study that identifies the top ten states in America that are most interested in the two leading digital currencies, bitcoin and ethereum. The team leveraged Coingecko’s page traffic data and found that California captures 43% of the traffic visiting the site’s bitcoin and … Read more
The Denver-based gas-to-bitcoin infrastructure company Crusoe Energy is suing the rival firm Alkane Midstream LLC over alleged patent infringement and poaching customers in Colorado. Crusoe’s lawsuit claims since November 2019, “Alkane was actively monitoring Crusoe and its business.” Crypto Flare Mitigation Company Crusoe Files a Lawsuit Against the Texas-Based Alkane Midstream Gas-to-bitcoin flare mitigation company … Read more
“John McAfee’s life was shrouded in controversy and it is only fitting that his death is shrouded in controversy as well,” said Janice McAfee. Go to Source Powered by WPeMatico
Given the unique positioning of the crypto mining market, Texas officials believe miners can participate in demand response programs — which involve turning off miners’ power during peak demand. Go to Source Powered by WPeMatico
Scott Beck, the CEO of United Texas Bank, claimed that stablecoin issuers like Circle were “effectively sucking deposits out of the banking industry.” Go to Source Powered by WPeMatico
“The U.S. is where the action is in terms of markets, so we plan to be in at least another couple of states as well as Texas with some diversified offering,” said CEO Andy Long. Go to Source Powered by WPeMatico
The mining firm reported it “completely powered-down its Texas data center operations on several occasions” in July to support the state’s power grid operator. Go to Source Powered by WPeMatico
“The sector has been here before and well capitalized and efficient miners will do just fine,” said White Rock CEO Andy Long. Go to Source Powered by WPeMatico
“The company voluntarily curtailed its energy consumption in order to ensure that more power would be available in Texas,” said Riot CEO Jason Les. Go to Source Powered by WPeMatico
