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Bitcoin Miner Rhodium Gets Interim OK For $30M Ch. 11 Loan

By Ben Zigterman · August 30, 2024, 8:06 PM EDT

A Texas bankruptcy judge on Friday gave interim approval for bitcoin miner Rhodium to access $15 million of a $30 million debtor-in-possession financing package from blockchain company Galaxy Digital....

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Bankruptcy Scorecard

Summary

The operator of two bitcoin mining facilities in Texas filed for bankruptcy to hold an asset sale and assume a lease for its largest facility after litigation with its landlord.

Case Number

24-bk-90448

Judge

Alfredo R. Perez

Venue

U.S. Bankruptcy Court for the Southern District of Texas

Capital Structure

Total Liabilities:

$50 million and $100 million in liabilities

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Related Sections

Case Information

Case Title

Rhodium Encore LLC

Case Number

4:24-bk-90448

Court

Texas Southern

Nature of Suit

Date Filed

August 24, 2024

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