Behind the scenes of the ill-fated Compute North cryptomining project, Greenville officials pressed to seal the deal
Pitt County economic development officials and the Greenville Utilities Commission were prepared to offer Compute North $50,000 in incentives to site an enormous cryptocurrency mining center on land owned by a Greenville Utilities Commissioner. Details of the deal, known as “Project Coin,” are included in closed-session minutes of the Greenville Utilities Commission. Those minutes show the GUC’s optimism and the urgency in wooing Compute North to Pitt County.
Compute North, which planned to build a cryptomining center in Greenville, declares bankruptcy
Compute North, which had planned to build a large cryptomining facility in Greenville, has declared bankruptcy, according to court documents dated Sept. 22. Filed in the Southern District of Texas, the bankruptcy applies to the company’s main entity, as well as its subsidiaries spanning several states. That includes Compute North NC09, incorporated in North Carolina. […]
Compute North’s cryptofarm on hold in Greenville, citing uncertainty of energy costs
A large cryptofarm planned for Greenville, in Pitt County, is on hold after Compute North decided to “pause” the project last month. Compute North spokesperson Kristyan Mjolsnes told Policy Watch via email that “based on legislative and regulatory actions that may impact the cost of energy in North Carolina, Compute North made the decision in […]
Lawsuit alleges racial demographics, activists drove Compute North to withdraw original plan for cryptofarm in Pitt County
Compute North, which plans to host a controversial cryptomining center in Greenville, allegedly withdrew its application for a different site in Pitt County because of the area’s racial demographics, according to a lawsuit filed last month in Minnesota state court. Compute North is headquartered in Eden Prairie, Minnesota. It has since selected a site within […]
Greenville greenlights cryptomining facilities, energy gluttons and contributors to climate change
Somewhere in Greenville — few know the precise location — dozens of shipping containers could soon appear on the landscape. These containers, known as “modular data-processing centers” — but which are actually cryptomining operations — will be jammed with lightning-fast computers whose blinking lights indicate they are thinking.