Skip to content

Crypto Miner Marathon Digital Taps Advisers as It Weighs Compute North Bid

  • The crypto mining firm is getting advice from Guggenheim, Weil
  • Depressed Bitcoin prices, high energy costs hurt mining sector
Fred Thiel
Fred ThielPhotographer: Valerie Plesch/Bloomberg
Updated on

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.