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Compass Mining

Compass Mining wins $1.5M settlement against hosting firm Dynamics Corp
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4 January, 2023

Compass Mining wins $1.5M settlement against hosting firm Dynamics Corp

Compass Mining filed the lawsuit in June after Dynamics terminated a hosting agreement with the miner—a rare win in a...
Compute North files for Chapter 11 bankruptcy with $500M in debt
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26 September, 2022

Compute North files for Chapter 11 bankruptcy with $500M in debt

Compute North operates data centers for miners, including Marathon Digital and Hive Blockchain, but a $300 million loan has made...
Embattled Compass Mining shuts down Georgia facilities after 50% energy price hike
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6 September, 2022

Embattled Compass Mining shuts down Georgia facilities after 50% energy price hike

Compass, which recently laid off 15% of its staff and slashed executives’ salaries by 50%, will relocate its mining rigs...
Japanese giant SBI ends ties with sanctioned Russian miner BitRiver
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30 August, 2022

Japanese giant SBI ends ties with sanctioned Russian miner BitRiver

SBI had remained tightlipped about its association with BitRiver, but sources now reveal it has lost tens of millions of...
Scandal-ridden Compass Mining lays off 15% of workforce, slashes exec salaries by 50%
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11 July, 2022

Scandal-ridden Compass Mining lays off 15% of workforce, slashes exec salaries by 50%

Just weeks after its CEO and CFO resigned, Compass Mining has announced layoffs and salary cuts, claiming it grew too...
Did the ‘crypto’ contagion hit Compass Mining?
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30 June, 2022

Did the ‘crypto’ contagion hit Compass Mining?

Compass Mining allegations, resignations, and restructuring signal that the recent downturn in the digital currencies markets is having a negative...
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