Bitcoin Mining Company Rhodium Sells Texas Site for $40.6 Million
JOON HYOUNG LEE
Summary
- Rhodium reportedly sold its mining site in Texas for about $40.6 million.
- It was stated that $16 million of the sale proceeds was used for debt repayment.
- Rhodium proceeded with the auction after filing for bankruptcy protection in a Texas court last August.
Virtual asset mining company Rhodium has sold its Texas mining site for approximately 60 billion won.
According to The Miner Mac on the 29th (local time), Rhodium recently sold its mining facility located in Temple, Texas, for $40.6 million (about 60 billion won). It is reported that Rhodium received the entire sale amount in cash and used $16 million to repay debts.
Rhodium filed for bankruptcy protection in a Texas court last August. Subsequently, the Texas court approved the auction of Rhodium's Texas mining site.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
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