The crypto slump last year led to a host of significant miners filing for bankruptcy, Compute North included, which originally managed the three USBTC locations.

The Bitcoin mining facilities are located in Kearny, Nebraska, Granbury, Texas, and Upton County, Texas, Coindesk reported.

The stakes in two of these sites - one each in Nebraska and Texas - previously held by Compute North, were bought by energy investment firm Generate Capital.

Meanwhile, the operation in Upton County is jointly managed with NextEra Energy (NYSE:NEE), with each company owning a 50% stake.

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While USBTC continues to witness positive developments in its operations, including securing an agreement with the city of Niagara Falls to maintain its Bitcoin mining operation there, its prospective merger partner, Hut 8, is grappling with operational challenges.

USBTC has opted to remain silent regarding the anticipated value of these hosting contracts, citing regulations related to disclosure during a merger.

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