Ordinals, Inscriptions, and Nostr . . . Oh my! Ep665
Bitcoin And . . .
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Bitcoin Miners' Debt Restructuring Deal With B. Riley and NIDIG Cuts Green Ridge's Debt by $61 Million
Bitcoin minor green ridge generation has finalized its debt restructuring plans with investment bank B. Riley and crypto investment firm NIDIG, reducing its total debts by $61 million. In December of 2022, the minor announced that there was a substantial doubt about its capacity to continue as a business saying that its board of directors had actively discussed the possibility of voluntary bankruptcy. Green Ridge said it is also actively pursuing the sale of excess real estate at its site in Spartanburg, South Carolina, which is expected to reduce its debt with B. Riley by yet another $6 million.
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