Bitcoin Miner Marathon Eyes Bankrupt Compute North Assets (1)

Cryptocurrency miner Marathon Digital Holdings Inc. has hired restructuring specialists to provide advice on its exposure to bankrupt counterparty Compute North Holdings, Marathon Chief Executive Officer Fred Thiel said.

Marathon is weighing a bid for Compute North, a crypto miner which has been shedding small parts of its business during bankruptcy, Thiel told Bloomberg News. The company tapped Guggenheim Partners and law firm Weil Gotshal & Manges for advice, he said.

Fred Thiel

Photographer: Valerie Plesch/Bloomberg

A representative at Weil didn’t respond to request for comment, while Guggenheim declined to comment.

Las Vegas-based Marathon is among the largest publicly traded Bitcoin miners. The ...