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Bitcoin Texas Mining Giant Bankrupt

 Bitcoin mining giant, Rhodium Enterprises has filed for voluntary bankruptcy under Chapter 11 with the Southern District of Texas bankruptcy court. The filing reveals liabilities estimated between $50 and $100 million, while total assets range between $100 and $500 million.

Texas, the mining capital of the United States, has launched numerous initiatives to support the industry including passing a law granting tax exemptions to miners using flared gas as an energy source.

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Written by 365Crypto

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