According to Techub News and TheMinerMag, Bitcoin mining company Rhodium Enterprises sold its Temple mine in Texas for $40.6 million. Additionally, Rhodium's co-CEO Nathan Nichols has resigned.
Rhodium has withdrawn $15 million from a $30 million loan previously provided to it by Galaxy Digital. After completing the sale of the Temple mine on December 18, the company fully repaid this debt, including fees and interest, with $16 million in proceeds.
Rhodium filed for bankruptcy protection in August this year and received a collective lawsuit from investors in December, accusing the mining company of fraud.