Public Bitcoin mining companies plagued with $4B of collective debt
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The recent bankruptcy filing of Bitcoin (
On Dec. 20, Greenidge signed a $74 million debt restructuring agreement with the NYDIG, a fintech firm dedicated to Bitcoin.
As Cointelegraph reported, the NYDIG agreement would see the purchase of miners with approximately 2.8 exahashes per second (EH/s) of mining capacity. In exchange, the mining company would see a debt reduction of $57 million to $68 million.
