Posted in: Older News
Published:
January 14, 2015 6:15 PM UTC

Cointerra Cloud Mining Goes Into Default; Sued by C7

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…

Author: Giulio Prisco @giulioprisco

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.

Last modified: January 3, 2020 3:29 PM UTC

Giulio Prisco @giulioprisco

Writer specialized in futurism, science, technology business.

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