Compute North files bankruptcy with over $100 million in debt

By Sarah Lizee

Olympia, Wash., Sept. 22 – Compute North LLC filed Chapter 11 bankruptcy on Thursday in the U.S. Bankruptcy Court for the Southern District of Texas.

In its petition, the company listed $100 million to $500 million in assets and $100 million to $500 million in liabilities.

Its largest unsecured creditors are Bootstrap Energy LLC, based in Dallas, with a contract counterparty claim, the amount of which was not given; US Bitcoin Corp., based in Miami, with a $3.75 million litigation claim; MP2 Energy Texas LLC, based in Dallas, with a $2.1 million utilities claim; Atlas Consolidated Mining and Development Corp., based in Austin, Tex., with a $1.77 million litigation claim; and NBTC Ltd., based in Wan Chai, Hong Kong, with a $1.38 million litigation claim.

Judge Marvin Isgur has been assigned to the case.

The company is represented by Paul Hastings LLP.

The Eden Prairie, Minn.-based company operates crypto-mining data centers. The Chapter 11 case number is 22-90275.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.