💥Bitcoin mining company Rhodium Enterprises files for bankruptcy protection! 💥

Rhodium Enterprises has filed for voluntary bankruptcy under Chapter 11 of the U.S. Bankruptcy Court for the Southern District of Texas, disclosing debts of up to $100 million. The documents show that Rhodium's total assets are estimated to be between $100 million and $500 million. Previously, Rhodium failed to repay a $54 million loan and shareholder disagreements led to a default. Under Chapter 11, the company can restructure its debt while continuing to operate.

What do you think of Rhodium's future? Let's talk in the comments! 👇