RETRACTION: Compute North Did Not Pay Execs $3M on the Day It Declared Bankruptcy

The filing states the money was paid over the course of the year ended Sept. 22, not that day as CoinDesk reported earlier based on a mistaken reading of the document.

By Eliza Gkritsi

Nov 3, 2022 at 12:15 p.m. UTC

Updated Nov 5, 2022 at 12:27 a.m. UTC

CDCROP: Wolf Hollow Power Plant in Texas — Wolf Hollow Power Plant in Texas (Compute North) https://mobile.twitter.com/computenorthllc/status/1547296579123662848/photo/1

Eliza Gkritsi

Eliza Gkritsi is CoinDesk's crypto mining reporter based in Asia.

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Compute North did not pay several executives about $3 million on Sept. 22, the same day it filed for bankruptcy. CoinDesk has retracted a story published Nov. 4 that, based on a mistaken reading of a court filing, said otherwise.

The filing states that these payments were made in the year leading up to Sept. 22.

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