Just saw that Nathan Nichols from Rhodium is stepping down early next year, and apparently they just offloaded their Texas mining facility for $40.6M in cash. Wild timing. They're using the proceeds to pay back $16M owed to a major player in the space, which honestly sounds like they needed the liquidity pretty badly.

The auction for the Temple site went to Temple Green Data, though interestingly the actual mining equipment wasn't part of the deal. But here's the interesting part - Rhodium won a court ruling that lets them keep operating at the Rockdale facility under an existing hosting contract, so they're not completely out of the game. Guess the legal battle paid off for them.

Seems like Nathan Nichols and Rhodium are trying to stabilize things after those earlier fraud allegations from creditors. Restarting hosting operations while dumping assets to cover debt - typical turnaround playbook. Wonder if this actually gets them back on track or if we're just seeing a slow wind-down.