Eden Prairie-based cryptocurrency company files for bankruptcy

By WCCO Staff September 27, 2022 / 11:17 AM / CBS Minnesota EDEN PRAIRIE, Minn. -- An Eden Prairie-based cryptocurrency mining company, Compute Nor...

September 27, 2022
10:06 PM

By WCCO Staff September 27, 2022 / 11:17 AM / CBS Minnesota EDEN PRAIRIE, Minn. -- An Eden Prairie-based cryptocurrency mining company, Compute North, has filed for bankruptcy.The news comes as the multibillion-dollar cryptocurrency industry faces collapsing prices and lenders halting operations.RELATED: Lawmakers propose rules to regulate battered cryptocurrenciesIn a statement, the company said the voluntary Chapter 11 proceedings were initiated last week in the United States Bankruptcy Court for the Southern District of Texas.

Wcco Staff