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Compute North mining assets sale to Foundry Digital approved
Chicago, Nov. 22 – Compute North LLC’s sale of its mining assets to bidder Foundry Digital, LLC has been approved, according to an order filed with the U.S. Bankruptcy Court for the Southern District of Texas.
As a recap, the total cash purchase price is $5.17 million with $4 million due at closing and $1.17 million due at a separate closing for the assets located in Minden, Neb.
The consideration also includes a credit bid for the full amount of Foundry Digital’s secured claim of $8,968,845.
Compute North, an 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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