Bankrupt Bitcoin (BTC) mining knowledge heart operator Compute North paid its high executives over $3 million in advantages earlier than submitting for chapter on Sept. 22, in accordance with an Oct. 28 court docket submitting.
The court docket paperwork confirmed that the agency paid its former CEO Dave Perrill $612,792 for payroll and advantages. The bankrupt lender paid corporations associated to Perrill, like BHI HOLDINGS LLC, WAND Company, and others, over $300,000 for month-to-month lease expenses and different companies.
Different high executives like President Edward Drake Harvey III and chief business officer Kyle Wenzel obtained round $500,000, respectively. The chief authorized officer Jason Stokes obtained $325,000, whereas Harold Coulby, the chief monetary officer, was paid about $250,000. Chief administration officer Spencer William acquired $211,000.
The agency additionally paid its former executives Marshall Johnson, Tad Piper, and Nelu Mihai over $800,000, cumulatively. In keeping with the court docket submitting, the cost included their severance cost.
In the meantime, the information heart operator additionally paid board charges to a number of board members every week earlier than it filed for chapter. These paid included Eli Scher, Scott Tillman, Tom Kieffer, and so forth.
Compute North didn’t reply to CryptoSlate’s request for remark as of press time.
The bankrupt crypto agency owes $500 million to about 200 collectors, and its property are valued at over $100 million.
