Foundry Will Acquire 2 Mining Centers from Bankrupt Miner Compute North

Foundry Digital, which is owned by Digital Currency Group (DCG), has entered into an agreement with Compute North to acquire two operating businesses that mine cryptos and other assets.

The DCG subsidiary has also received an option to purchase the unfinished mining facility of the blockchain hosting provider, which is in the process of bankruptcy.

After the transaction is complete, Foundry expects to receive two turnkey data centers in North Sioux City (South Dakota) and Big Springs (Texas) with a working capacity of 6 MW and 11 MW, respectively; the right to complete the construction and operation of a facility in Minden, Nebraska; Compute North equipment fleet as well as intellectual property for the proprietary cloud software MinerSentry for managing the provider’s data centers.

Foundry CEO Mike Collier has said:

“Our mission is to strengthen the infrastructure of digital assets by supporting mining companies in all market cycles. Compute North has been a longtime partner of ours and we are excited to continue building on the foundation they have built over the years to grow the mining ecosystem in North America.”