The Canadian firm, whose inventory trades on the Calgary, Alberta-based TSX Enterprise Change, is one in every of many bitcoin miners struggling to interrupt even because the greenback worth of their rewards declines whereas surging energy costs enhance working bills. Compute North, which is among the world’s greatest internet hosting corporations, filed for chapter in September, and different huge firms within the enterprise, together with Argo Blockchain (ARBK) and Core Scientific (CORZ), are going through liquidity crunches.
