According to PANews, Rhodium Enterprises has sold its Bitcoin mining facility in Temple, Texas, for $40.6 million in cash. The company's co-CEO, Nathan Nichols, announced plans to resign in early 2025. Previously, creditors had filed lawsuits against the company and its co-founders, alleging fraud.
Rhodium stated that proceeds from the sale were used to repay $16 million in debt owed to Galaxy Digital. The company also plans to restart its mining machine hosting operations at the Riot Rockdale facility. The auction for the Temple site was won by Temple Green Data LLC, a company linked to Rowan Digital Infrastructure, although the Bitcoin mining equipment was not part of the acquisition.
Additionally, a court ruling has upheld the validity of Rhodium's hosting contract with Whinstone US, a subsidiary of Riot, allowing Rhodium to continue operations at the Rockdale facility.