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Miner Maker Compute North Will Sell $1.55M in Mining Equipment to Crusoe

ByLouis Adams

Nov 18, 2022 #mining
Reading time: < 1 minute

A bankruptcy court in Texas has just approved the sale of 11 mining containers by blockchain hosting provider Compute North to Crusoe Energy Systems, which mines Bitcoin using energy from burning associated gas in shale oil fields in the US, for about $1.55 million.

Court documents show that the mining firm has already posted bail in the amount of $187,000.

The firm filed for insolvency in September and said its assets, along with liabilities to 200 counterparties, range from $100 million to $500 million.

The company has previously agreed to sell two data centers for cryptocurrency mining to a former lender, Generate Capital, in a deal valued at $5 million.