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.