Tag: compute north holdings bankruptcy

[ad_1] Compute North Holdings Inc., which provides data center services for cryptocurrency miners and blockchain companies, filed for bankruptcy in Texas on Thursday. Compute North Holdings Inc., which provides data center services for cryptocurrency miners and blockchain companies, filed for bankruptcy in Texas on Thursday.Based in Eden Prairie, Minnesota, Compute North said it owed as much as $500 million to at least 200 creditors. The company's assets are worth between $100 million and $500 million, according to its Chapter 11 petition. Chapter 11 filings allow a company to keep operating while it develops a plan to repay creditors. The company filed bankruptcy to stabilize its business while it restructures under court pr...