Texas-based Bitcoin mining company Rhodium Enterprises recently filed for bankruptcy and has reportedly received court approval to take out loans in either US dollars (USD) or Bitcoin.

Citing Cointelegraph on Monday, September 2, 2024, the company was given the option to receive either US$30 million (Rp. 4.2 trillion) or 500 Bitcoin from Galaxy Digital, a blockchain company led by Mike Novogratz. However, according to a Bloomberg report, the US dollar loan will have an annual interest rate of 14.5% while the Bitcoin loan interest rate is cheaper at 9.5%.