PANews reported on December 30 that Bitcoin mining company Rhodium Enterprises completed the sale of its mining site in Temple, Texas for $40.6 million in cash. The company's co-CEO Nathan Nichols announced that he would resign in early 2025. Previously, the company's creditors had sued him and his co-founder for fraud.
Rhodium stated that it repaid $16 million of debt from Galaxy Digital using the proceeds from the sale and plans to restart its mining machine hosting business at the Riot Rockdale facility. The auction for the mining site was won by Temple Green Data LLC, which is associated with Rowan Digital Infrastructure, but did not acquire the Bitcoin mining equipment at the site.
Additionally, the court ruled that the custody contract between Rhodium and Riot's Whinstone US remains valid, allowing Rhodium to continue operations at the Rockdale facility.
