Compute North closes sale of mining assets to Foundry Digital

By Sarah Lizee

Olympia, Wash., Dec. 13 – Compute North LLC’s sale of its mining assets to bidder Foundry Digital, LLC has closed, according to a notice 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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