Texas approves debtor-in-possession financing plan for BTC miner Rhodium

Rhodium filed for Chapter 11 with debts of up to $100M and assets of up to $500M. The debtor-in-possession financing plan is offered by Galaxy Digital. Galaxy Digital offers Rhodium a $30M loan or 500 BTC with a 9.5%-14.5% interest. Rhodium Enterprises, a Texas-based Bitcoin mining firm, has recently garnered significant attention following its Chapter […]

Cantor Fitzgerald to launch $2 billion Bitcoin financing business

Cantor Fitzgerald is looking to launch a Bitcoin financing business with an initial capital of $2 billion. The financing services giant’s CEO announced the plans at Bitcoin 2024. Cantor Fitzgerald will partner with top Bitcoin custody pltforms to offer leverage to investors that hold BTC. Cantor Fitzgerald, a New York-based global financial services company, will […]