According to Bloomberg, bankrupt crypto miner Rhodium will repay Bitcoin loans in U.S. dollars with the consent of lenders, and the exchange rate is the market spot price reasonably announced before the maturity date.

Using cryptocurrency for Chapter 11 bankruptcy financing is not common, although several companies in the industry have gone bankrupt in recent years. The total amount of loan payments is difficult to determine due to Bitcoin's volatile price.

Rhodium uses facilities in Texas to mine Bitcoin against its competitor, Rhodium Encore LLC, case number 24-90448, in the U.S. Bankruptcy Court for the Southern District of Texas (Houston).