What happened to compute North?

Compute North Holdings Inc., which provides data center services for cryptocurrency miners and blockchain companies, filed for bankruptcy in Texas on Thursday.

Which states does compute North operate a data center in?

Compute North also operates data centers in North Dakota and Nebraska, according to its website . The case is Compute North Holdings Inc., 22-90272, US Bankruptcy Court, Southern District of Texas. ( Adds conflict with lender and reason for bankruptcy beginning in second paragraph.)

How much money does compute North owe?

Generate took action in order to preserve the value of its collateral, Marcus said. Compute North owes 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 court petition.

Where is compute North located?

Compute North has four facilities in the U.S. – two in Texas and one in both South Dakota and Nebraska, according to its website. Some of the company's partners include Marathon Digital (MARA), where Compute North has brought online 40 megawatts (MW) of a 280MW wind-powered facility at its Upton County in West Texas.