Bitcoin Mining Firm Compute North Files for Bankruptcy

The filing comes seven months after the company secured a $385 million round that includes a Series C fundraise and debt financing. More recently, it broke ground on a 300-megawatt co-location facility in Texas.

The shutdown follows a 50% rise in energy costs.  Compute North revealed that it owed as much as $500 million to at least 200 creditors

[Via]