Digital asset mining and staking firm Foundry has agreed to purchase two “turnkey” bitcoin mining facilities from Compute North, a bitcoin miner that filed for Chapter 11 bankruptcy protection on Sept. 22, 2022. Foundry says the two data centers have a total power capacity of around 17 megawatts (MW), and the company also has the rights to purchase a third site from the troubled bitcoin mining business. Foundry’s acquisition announcement follows the speculation surrounding Genesis Global Capital, another business owned by the company’s parent firm Digital Currency Group.
DCG-Owned Foundry Digital Plans to Acquire 2 ‘Turnkey’ Facilities from Compute North, Foundry Has Option to Purchase a Third Site
On Tuesday, the mining and staking firm Foundry Digital announced it has plans to acquire two data centers from Compute North. The two “turnkey sites” are located in North Sioux City, SD, and Big Springs, TX. The sites will give Foundry 17 MW of operational capacity and “a
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