Canada-Based Crypto Mining Firm Great North Data Files for Bankruptcy

Canada-Based Crypto Mining Firm Great North Data Files for Bankruptcy

Canada-based cryptocurrency mining company Great North Data has reportedly submitted a bankruptcy filing due to insolvency. Canada-based cryptocurrency mining company Great North Data has submitted a bankruptcy filing, purportedly due to insolvency.As the Canadian Broadcasting Corporation reported on Dec. 4, Great North Data — which operated crypto mining facilities in Labrador City and Happy Valley-Goose Bay —  filed bankruptcy documents in late November, listing CA$13.2 million ($10 million) in liabilities, while having only CA$4.6…

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Bitcoin Passes New Milestone as Network Mines 85% of Its Total Supply

Bitcoin Passes New Milestone as Network Mines 85% of Its Total Supply

7,850,000 bitcoins have now passed through the mining process, leaving just 3.15 million more. Bitcoin (BTC) now has 85% of its supply in circulation as of August 1, leaving just 3.15 million new coins for the next 120 years. 3.15 million bitcoins, 120 yearsAccording to data from monitoring resource Blockchain, Thursday saw Bitcoin miners extract the 17,850,000th unit as part of the transaction validation process. As a result, due to the number of coins awarded to…

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