Compute North CFO: Dispute with Generate Capital breaks funding chain

According to The Block, Compute North Chief Financial Officer Harold Coulby issued a statement stating that Generate Capital had provided Compute North with a $300 million loan in February this year, and then used contract terms to control all aspects of Compute North’s business in July. And there are still $100 million in outstanding loans. Harold Coulby said that while Compute North is raising funds through asset sales and other financing options, it may not be possible to complete it within the time limit of an out-of-court reorganization.