other material
confidence high
sentiment negative
materiality 0.60
Edgemode recovers $894,355 of $1.586M deposit from bankrupt Compute North; balance uncertain
Edgemode, Inc.
- Compute North filed Chapter 11 bankruptcy on Sep 22, 2022; Edgemode terminated Master Agreement effective Jan 4, 2023.
- Received $894,355 partial deposit return on Jan 25, 2023; remaining $691,645 recovery subject to bankruptcy outcome.
- Company is seeking replacement hosting services after termination of the agreement.