Bankrupt Bitcoin mining firm Rhodium recently received a legal setback when the court ruled that certain holders should be treated as creditors. Rhodium is a Texas-based Bitcoin mining firm that filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the Southern District of Texas on Aug. 24, 2024. The filing mentioned six subsidiaries, namely Rhodium Encore, Jordan HPC, Rhodium JV, Rhodium 2.0, Rhodium 10MW, and Rhodium 30MW. Related: What is Bitcoin mining? Explained During the court proceedin ...

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