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. […]News Bytes, Bankruptcy, Bitcoin, Blockchain, Chapter 11, court approval, Crypto, Cryptocurrency, debtor-in-possession, Financing, Galaxy Digital, loan, Mike Novogratz, News Bytes – 2, rhodium encore, Riot Platforms, volatility, whinstone usRead More

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