Bitcoin Mining Firm Compute North Files for Bankruptcy
Published on Sep 24, 2022
https://cb.run/aNT7 Bitcoin Mining Firm Compute North Files for BankruptcyCompute North, which happens to be the latest casualty of the ongoing crypto rout, has filed for a Chapter 11 bankruptcy in the US Bankruptcy Court for the Southern District of Texas.
The filing is pending before the Judge Bankruptcy David R Jones. The company’s CEO, Dave Perrill, also stepped down from his position earlier this month but will continue to remain on the board.
Compute North in Trouble
Under the terms of the filing, the firm will be able to continue its operation while it draws up a comprehensive restructuring plan to repay creditors. Compute North revealed that it...
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