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Why did compute North file a Chapter 11 bankruptcy?

The decision to file a Chapter 11 bankruptcy now was forced on the company mainly by the actions of its primary lender, Generate Lending LLC, an affiliate of Generate Capital, according to a court declaration filed by Compute North’s chief financial officer and treasurer, Harold Coulby.

Did compute North file for bankruptcy in Texas?

Compute North, an Eden Prairie-based company that builds scalable data centers for blockchain, cryptocurrency mining and distributed computing firms, has filed for Chapter 11 bankruptcy protection in the Southern District of Texas.

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.

Why nextchapter bankruptcy?

NextChapter's interface is intuitive, which makes it easy to get the right information in the right place. Debtors need protection and representation at a time when they feel like nobody else has their backs. NextChapter is a complete system for the start-to-finish bankruptcy practice!

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