One of the largest cryptocurrency miners – Marathon Digital – has reportedly hired restructuring specialists to clarify its exposure to the troubled data center Compute North Holdings. 

Marathon will also seek advice from the professionals on whether to acquire the entity.

Compute North is yet another crypto firm that took a major punch from the prolonged bear market that has reigned throughout 2022. It revealed owning around $500 million to hundreds of creditors, while its assets under management were between $100 million and $500 million. As typically happens, the monetary issues prompted the firm to file for a Chapter 11 bankruptcy.

(By Dimitar Dzhondzhorov)