Edgemode, Inc 8-K, filed Jan 27, 2023
Edgemode, Inc. (EDGM)
About this 8-K
Edgemode, Inc filed this 8-K on January 27, 2023, reporting on events of January 25, 2023.
Items reported
- Item 8.01: Other events
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 8.01 Other Events.
On March 31, 2021, Edgemode, Inc. (the “Company”) entered into a Master Agreement (the “Master Agreement”) with Compute North LLC (“Compute North”) providing the Company with colocation, managerial and other services at the Compute North data center facilities, including rack space, electrical power, ambient air cooling, internet connectivity and physical security for the Company’s miners (the “Hosting Services”). The Company paid Compute North a deposit of approximately $1,586,000 (the “Deposit”) to be used towards the fees under the Master Agreement. On September 22, 2022, Compute North (along with its affiliated debtors), filed for chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Southern District of Texas under Chapter 11 of the U.S. Bankruptcy Code (11 U.S. Code section 101 et seq.). On January 25, 2023 the Company received a return of $894,355 of the Deposit. The ultimate outcome of the bankruptcy process, and its impact and the Company’s return of the remaining amount of the Deposit, remains to be determined. The Company has terminated the Master Agreement effective January 4, 2023 and seeking replacement Hosting Services.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Edgemode, Inc. | ||
| Dated: January 27, 2023 | By: | /s/ Charles Faulkner |
| Name: | Charles Faulkner | |
| Title: | Chief Executive Officer | |
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