According to ChainCatcher, Nathan Nichols, co-CEO of the Bitcoin mining company Rhodium Enterprises, has resigned. The company completed the sale of its Temple mine in Texas for $40.6 million in cash.
In an email sent to investors last week, Rhodium announced that Nichols had decided to resign, effective after the New Year. Just weeks ago, Rhodium creditors filed a lawsuit against him and other co-founders, accusing them of fraud.
Rhodium also informed investors that the company had previously obtained $15 million of $30 million in debtor-held financing from Galaxy Digital. After completing the sale of the Temple mine on December 18, the company used $16 million of it to fully repay the Galaxy debt, including fees and interest.