Bitcoin Miner Greenidge Restructures Debt to Avoid Bankruptcy
Greenidge Generation Holdings Inc., once one of the largest public Bitcoin miners in the US, has reached agreements with its lenders to reduce debt as it seeks to avoid bankruptcy. The firm has reduced its $76 million of secured debt with New York Digital Investment Group to about $17 million, with the potential to eliminate another $10 million with the lender, according to a statement.
