BlockFi gets OK to sell self-mining assets to U.S. Farms & Mining

By Sarah Lizee

Olympia, Wash., March 24 – BlockFi Inc. received court approval to sell its self-mining assets to U.S. Farms & Mining Opportunity Fund LLC for $4.68 million, according to an order filed Thursday with the U.S. Bankruptcy Court for the District of New Jersey.

U.S. Farms’ bid was the highest and best bid received at auction.

The assets are physical self-mining equipment and operations related to the debtors’ digital coin mining segment. They are located in the United States and Norway.

Based in Jersey City, N.J., BlockFi is a crypto financial services company. The company filed bankruptcy on Nov. 28 under Chapter 11 case number 22-19361.

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