Crypto Services Firm Compute North Nets Bankruptcy Plan Approval

Compute North Holdings Inc., the crypto mining services provider, secured a bankruptcy judge’s approval of its liquidation after selling off its assets over the past several months.

The Minnesota-based company, which entered bankruptcy in September with about $250 million in secured debt, sold off its assets through 13 separate sales, James Grogan of Paul Hastings LLP, a lawyer for the company, said Thursday in the US Bankruptcy Court for the Southern District of Texas.

“We have reached key settlements with all of our largest creditors and constituents,” Grogan told US Bankruptcy Judge Marvin Isgur, who signed off on the plan ...