Bitcoin Miner Marathon Digital's Shares Downgraded After Compute North Files for Bankruptcy Protection – Bitcoin News

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Bitcoin Miner Marathon Digital's Shares Downgraded After Compute North Files for Bankruptcy Protection – Bitcoin News
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Records show the Bitcoin mining firm Compute North filed for Chapter 11 bankruptcy protection in Texas on Thursday.

MARA Stock Downgraded Over Compute North’s Recent Bankruptcy Filing, Marathon Says Compute North’s Restructuring ‘Will Not Impact Current Mining Operations’

Compute North’s bankruptcy has affected Marathon Digital’s stock after BTIG analyst Gregory Lewis decided to. Lewis said that Compute North’s recent filing will “weigh on MARA’s ability to grow its hash capacity. However, longer term, the bankruptcy of Compute North could provide an opportunity for MARA to build a data center infrastructure footprint at distressed pricing.” Marathon Digital also took to Twitter to discuss the recent bankruptcy filing..

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