Canadian government-backed bitcoin mining company Great North Data has filed for bankruptcy

According to Lianwen News, the Canadian government-backed Bitcoin mining company Great North Data has filed for bankruptcy. According to the company's application documents, Great North Data has a debt of C $ 13.2 million (approximately US $ 10 million) and assets of C $ 4.6 million ( (Approximately $ 3.49 million), and the Canadian federal and local governments are also creditors. The company's website is currently offline. Although it is not clear why the company went bankrupt, reports indicate that Great North Data has encountered complaints about operations such as electricity use, job creation, and excessive noise. Great North Data was involved in a legal dispute with Bitmain in 2017. Bitmain sued Great North Data in the Supreme Court of Newfoundland and Labrador, and the legal dispute is still pending.