Compute North gets approval to sell interests in TZRC for $3 million

By Sarah Lizee

Olympia, Wash., Nov. 29 – Compute North LLC gained court approval to sell 100% of its membership interest in joint venture TZRC LLC to U.S. Data King Mountain LLC for $3 million, according to an order filed Tuesday with the U.S. Bankruptcy Court for the Southern District of Texas.

Compute North Member LLC holds 50% of all membership interests of TZRC. TZ Capital Holdings, LLC holds the other half.

The purchase price also includes an additional $7 million, but that amount will be paid to TZ Capital to repay the principal amount owed under a senior note.

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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