Crypto miner warns of potential bankruptcy as unclosed financing leaves $33 million in maturing debt exposed
Under its present plan, the proposed Vulcan financing totals $39.4 million and would redeem $33.1 million in senior notes due Oct. 31. Its Aug. 14 quarterly submitting mentioned the corporate would use the financing for that redemption. However, as of Aug. 16, Vulcan had not reported the financing closed. The firm, previously Greenidge Generation, said…
