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07/12/19 03:00 UTC-5

Canadian Great North Data Bitcoin mining company went bankrupt

MiningGreat North Data mining company went bankrupt
Great North Data mining company went bankrupt

Canadian government-backed Great North Data Bitcoin miningMining
– is a type of activity for creating new blocks in the Blockchain to ensure proper system operation. Details
company filed for bankruptcy, with debt to creditors of more than $10 million.

 

Great North Data went bankrupt

According to local media reports, the company has $3.5 million worth of assets at its disposal, and total debt to creditors is about $10 million. Creditors include federal and local governments that have provided financial support to Great North Data centers.

The exact reasons explaining why the company went bankrupt are unknown, but recent reports show that Great North Data has faced many complaints about its operations. Excessive use of electricity, staffing and violation of noise regulations in Canada.

Interesting in the section: In Malaysia, 85 Bitcoin mining machines were stolen

  • As you know, the Great North Data website is currently offline.

See also: "Miners of Kazakhstan will not pay taxes"

#Canada #mining #Bitcoin #GreatNorthData #bankruptcy

Editor: Yuliya Soroka
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