TechFlow news, December 30 — According to Theminermag, bitcoin mining firm Rhodium Enterprises has completed the sale of its mining facility in Temple, Texas, for $40.6 million in cash. The company's co-CEO Nathan Nichols announced he will resign in early 2025.
Rhodium also informed investors that it had previously drawn down $15 million from a $30 million debtor-in-possession financing provided by Galaxy Digital. Following the completion of the Temple facility sale on December 18, the company used $16 million to fully repay its debt to Galaxy, including fees and interest.
Previously, Rhodium’s creditors filed a lawsuit against him and other co-founders, alleging fraud.
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