Marathon Reveals $80M in Total Exposure to Bankrupt Crypto Mining Data Firm

Marathon Digital Holdings has more than $80 million exposed to recently bankrupt Compute North Marathon previously installed 40,000 mining machines in Compute North’s wind-powered Texas mining site, one of four the firm has in the US Marathon Digital Holdings has more than $80 million hanging in the balance of the recent bankruptcy of mining data firm Compute North, the bitcoin miner said Thursday. Marathon has about $10 million invested in convertible preferred stock options, plus $21.3 million “related to an unsecured senior promissory note with Compute North,” the publicly traded company said in a statement.  Marathon installed 40,000 mining rigs