Crypto-mining company Compute North, which went bankrupt in the past months, is selling Crusoe about $1.5 million in assets.
In the crypto bear market, the number of mining companies making losses is increasing. The downward trend experienced by Bitcoin (BTC) has also deeply affected the course of companies. Mining companies began to look for new ways to survive. Many innovative facilities started to support miners. However, there was a noticeable increase in the number of companies that went bankrupt in the market. One of these companies, Compute North, has decided to sell some of its assets to Crusoe.
Compute North Receives $1.5 Million
Crypto mining company Compute North continues its search for new cash after its bankruptcy. Finally, the company will sell 11 containers among its assets for $1.55 million.
Crusoe, on the other side of the acquisition deal, has acquired two more companies in the past few months. While mining companies go bankrupt one by one, Crusoe continues his purchases.
The U.S. Bankruptcy Court in the District of Houston approved the sale. Compute North filed for Chapter 11 bankruptcy in September.
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