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Court Approves BTC Loan for Bankrupt Bitcoin Mining Firm

September 1, 2024
in Bitcoin
Reading Time: 1 min read
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Rhodium Encore LLC, a bankrupt bitcoin mining company, has received court approval for a unique debtor-in-possession financing plan that allows borrowing in either U.S. dollars or bitcoin. Galaxy Digital Holdings Ltd., a blockchain firm led by Mike Novogratz, has offered to provide Rhodium with a loan of either $30 million in dollars or 500 bitcoin. […]
Credit: Source link

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