Court Approves BTC Loan for Bankrupt Bitcoin Mining Firm
![Court Approves BTC Loan for Bankrupt Bitcoin Mining Firm](https://cryptoinvestment.at/wp-content/uploads/2024/09/court-approves-btc-loan-for-bankrupt-bitcoin-mining-firm.jpg)
Rhodium Encore LLC, a bankrupt bitcoin mining company, has received court approval for a unique debtor-in-possession financing plan that allows borrowing in either U.S. dollars or bitcoin. Galaxy Digital Holdings Ltd., a blockchain firm led by Mike Novogratz, has offered to provide Rhodium with a loan of either $30 million in dollars or 500 bitcoin. […]