PANews reported on December 30 that according to The Miner Mag, Bitcoin mining company Rhodium Enterprises completed the sale of its mine in Temple, Texas for $40.6 million in cash, and the company's co-CEO Nathan Nichols announced that he would resign in early 2025. Previously, the company's creditors sued him and his co-founder for suspected fraud .
Rhodium said it used the proceeds from the sale to pay off $16 million in debt it received from Galaxy Digital and plans to restart its mining hosting business at Riot Rockdale facility. The auction was won by Temple Green Data LLC, which is associated with Rowan Digital Infrastructure but did not acquire the bitcoin mining equipment at the facility.
In addition, the court ruled that Rhodium's hosting contract with Riot's Whinstone US remains valid, allowing Rhodium to continue operating at the Rockdale facility.
