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Published on 11/15/2022 in the Prospect News Distressed Debt Daily.

Compute North names winning bidder for CN2 container assets

By Sarah Lizee

Olympia, Wash., Nov. 15 – Compute North LLC named Crusoe Energy Systems, LLC the winning bidder for some of its cloud-native contrail networking (CN2) container assets, according to a notice filed Monday with the U.S. Bankruptcy Court for the Southern District of Texas.

The purchase price is $1.55 million, or about $140,636.36 per container.

There was no backup bidder.

The sale hearing was scheduled for Wednesday.

The Eden Prairie, Minn.-based company operates crypto-mining data centers. The company filed bankruptcy on Sept. 22 under Chapter 11 case number 22-90275.


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