365Crypto
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.
