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 year that has not favored the miner.
Latest Compass Mining News
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 it the latest bear market casualty.
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 to Texas, where it has faced energy issues too.
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 dollars after ending this relationship.
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 fast as the bear market claims more victims.
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 effect on miners as well.