Bitcoin

Rhodium has filed an emergency motion in court to sell its assets at the Temple, <a href="https://ultramining.com/news/en/texas-residents-challenge-bitcoin-mining-industrys-impact-on-power-grid-and-communities/" rel="noopener noreferrer nofollow">Texas</a> site, aiming to raise $105 mln. A hearing is scheduled for September 23, 2024.
The company, which previously filed for Chapter 11 bankruptcy, seeks to sell its Bitcoin mining infrastructure to settle debts.
The potential sale could help Rhodium restructure its business and preserve remaining operations. Investors and creditors are closely monitoring the situation, as significant financial interests are at stake.

Rhodium Files Emergency Motion to Sell Assets Worth $105 mln

Ultramining_Eng

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