Compute North to Expand Bitcoin Mining Colocation Capacity by 1.2GW: Report
CEO Dave Perrill says it could take until Q3 2022 for mining capacity to recover from China's recent crackdown.
Jul 12, 2021 at 11:14 a.m. UTCUpdated Aug 21, 2021 at 12:28 p.m. UTC
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- CEO Dave Perrill said it could take until third-quarter 2022 for bitcoin mining capacity to recover from the recent crackdown in China.
- Compute North has five sites under construction, he said. He did not say where these are.
- Compute North's colocation service entails providing a data center to host mining equipment. The Minnesota-headquartered firm currently operates three such facilities, in Texas, Nebraska and South Dakota.
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