Compute North, a cryptocurrency mining startup that filed for bankruptcy last week has been granted a number of permissions to continue some aspects of its business operations.
According to Judge Marvin Isgur of the U.S. Bankruptcy Court for the Southern District of Texas (Houston), Compute North can maintain certain operations, including the payment of its insurance, the maintenance of its bank accounts as well as receiving the greenlight for intercompany interactions.
The latest approval granted by Judge Isgur will keep the firm afloat at this time when it is undergoing its biggest financial turmoil in recent times.
With the grace period granted by the court, the mining firm can request payment on its bank checks, provided they are signed prior to the declaration of bankruptcy. The judge also approved an earlier revised provision that will see Compute North draw up a list of its top 30 creditors.
The embattled company has also been cleared to redact the addresses of its core...
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