Bankrupt Compute North selling $1.55 million in assets to Crus | .

Bankrupt Compute North selling $1.55 million in assets to Crusoe

Bitcoin mining hosting provider Compute North is selling 11 containers for around $1.55 million to Crusoe Energy Systems. The U.S. Bankruptcy Court in the Southern District of Texas, Houston Division approved the sale, according to documents filed Wednesday. Crusoe had already made a deposit worth $187,000 on Oct. 28, according to the filing.

Compute North filed for Chapter 11 bankruptcy in September, stating that it had between $100 million-$500 million both in estimated liabilities and estimated assets. Recently it also agreed to sell two mining facilities to its former lender Generate Capital for $5 million. also acquiring its competitor Great American Mining in October and electrical manufacturer Easter-Owens Electric Co in July.

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