Ault Alliance announced that its subsidiary, BitNile, is currently moving Bitcoin mining equipment out of the Wolf Hollow hosting facility in Texas as a result of the September 2022 Compute North bankruptcy filing. BitNile entered into a hosting agreement securing 20 megawatts of power announced on August 16, 2022 with Compute North, LLC. As a result of this agreement BitNile moved 6,572 Bitcoin miners to Compute North’s Wolf Hollow hosting facility in Texas. Compute North’s Chapter 11 bankruptcy filing initiated a series of events including transfer in ownership of the Wolf Hollow hosting facility in Texas. BitNile determined that the site is no longer economically viable and therefore began making weekly shipments to move the equipment to a safe and secure location for future deployment.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on AULT:
