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.
The minister believes that as power becomes scarcer in Sweden, the country may have to make difficult choices, and BTC miners could be among the casualties.
The publicly-traded block reward miner will be receiving the much-improved second generation of the Intel Bonanza Mine ASIC chip on its new mining devices.
Hive confirmed it had sold its Norwegian subsidiary Kolos Norway AS to the local municipality of Narvik under a share purchase agreement.
Canada-based Hive Blockchain Technologies Ltd. announced it exceeded its ASIC capacity goal of 1,000 PH/s through the purchase of 6,400 Canaan AvalonMiner 1246 next-generation miners.
Hive reported revenue of $13 million during its fiscal second quarter, up 8.2% from the same period a year ago, with gross profits of $7.4 million.