Bitcoin

Prior to filing for bankruptcy, Rhodium received a preliminary letter of intent for a $105 mln cash acquisition of its Bitcoin mining infrastructure in 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>.
The potential deal could be a lifeline for Rhodium, enabling it to settle debts and preserve the business. The interest in acquisition highlights the value of mining assets even amid financial difficulties.
Investors await further developments and possible closure of the deal in the coming months.

Rhodium Received $105 mln Acquisition Offer for Texas Mining Infrastructure

Ultramining_Eng

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