Rhodium’s debts range between $50 million and $100 million, while its total assets are estimated between $100 million and $500 million.
Bitcoin mining firm Rhodium Enterprises has filed for voluntary bankruptcy under Chapter 11 in the United States Bankruptcy Court for the Southern District of Texas, revealing liabilities of up to $100 million.
The filing was submitted on Aug. 24 and includes six subsidiaries — Rhodium Encore, Jordan HPC, Rhodium JV, Rhodium 2.0, Rhodium 10MW and Rhodium 30MW. According to the document, the company’s debts range between $50 million and $100 million, while its total assets are estimated between $100 million and $500 million.
Source: PacerMonitor
