Cointerra Cloud Mining Goes Into Default; Sued by C7

January 14, 2015

Cointerra, a Bitcoin mining company, based in Utah, is shutting down operations as they work with lenders on a potential restructuring of it financing, according to CEO Ravi Iyengar. This action has led Cointerra to be in default of its senior notes obligations. The loans are currently secured by the operational mining equipment at multiple data centers, and they have also been shut down for the time being.

Giulio Prisco @giulioprisco

Science writer, software developer, Bitcoin/crypto enthusiast.