The bitcoin mining company, Great North Data based in Labrador city which has taken a loan from several Canadian government entities has gone bankrupt. Cryptocurrency minimal sign of recovery has affected a lot of miners this year and one of them is GND and that is the reason, they have decided to shut down the operations with barely sufficient capital to hold on to. A Canadian media company recorded that GND has filed for bankruptcy last month, registering only over four million US dollars ($4.6 million) against thirteen million US dollars ($13.2 million) in liabilities.