Bankrupt Bitcoin Mining Firm Receives Court Approval to Borrow in Either USD or BTC

Rhodium Enterprises, Inc., a Bitcoin mining firm that filed for bankruptcy on August 24, has received court approval for an unconventional financing plan as it navigates Chapter 11 bankruptcy proceedings. According to a Bloomberg report, the firm has been granted the option to borrow funds in either US dollars or Bitcoin, a rarity in the […] source: https://www.cryptoglobe.com/latest/2024/09/bankrupt-bitcoin-mining-firm-receives-court-approval-to-borrow-in-either-usd-or-btc/