Texas Bitcoin Miner Hits Ch. 11 With More Than $50M In Debt

By Rick Archer · August 26, 2024, 11:34 AM EDT

Cryptocurrency miner Rhodium filed for Chapter 11 protection in a Texas bankruptcy court with more than $50 million in debt....

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Bankruptcy Scorecard

Summary

Cryptocurrency miner Rhodium Encore LLC and four affiliates filed for Chapter 11 protection, claiming between $50 million and $100 million in liabilities and $100 million to $500 million in assets.

Case Number

24-90448

Judge

Alfredo R. Perez

Venue

U.S. Bankruptcy Court for the Southern District of Texas

Capital Structure

Total Liabilities:

Between $50 million and $100 million

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