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Nathan Nichols

Bitcoin mining company Rhodium sold its Temple mine for $40.6 million, and the co-CEO has resigned

ChainCatcher news, Bitcoin mining company Rhodium Enterprises co-CEO Nathan Nichols has resigned, and the company has completed the sale of its Temple, Texas facility for $40.6 million in cash.Rhodium announced in an email to investors last week that Nichols has decided to resign, effective after the New Year. Just weeks ago, Rhodium's creditors filed a lawsuit against him and other co-founders, accusing them of fraud.Rhodium also informed investors that the company had previously secured $15 million of a $30 million debtor-in-possession financing from Galaxy Digital. After completing the sale of the Temple facility on December 18, the company used $16 million of that to fully repay its debt to Galaxy, including fees and interest.
2024-12-30
Bitcoin mining companies
Rhodium
Temple mine
Nathan Nichols
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