Miners’ bad luck: Rhodium goes bankrupt

The firm has filed for bankruptcy in the Southern District of Texas. The U.S. Bitcoin miner has debts of $50 million to $100 million, and the total assets of Rhodium Enterprises are estimated from $100 million to $500 million. The bankruptcy petition includes six subsidiaries, namely Rhodium Encore, Jordan HPC, Rhodium JV, Rhodium 2.0, Rhodium…

General Atlantic, Prosus ask Supreme Court to hear their concerns in Byju’s insolvency

Byju’s founder Byju Raveendran | Credit: Reuters Foreign investors in Indian education technology company Byju’s, including General Atlantic, have urged the country’s Supreme Court to hear their concerns as judges decide on the future of the company which is undergoing insolvency, a legal filing shows. Once a darling of global investors, valued at $22 billion in 2022,…