Crypto miner warns of potential bankruptcy as unclosed financing leaves $33 million in maturing debt exposed
The PIPE’s Oct. 10 outside date lands 21 days before the notes mature, with $9.2 million of June liquidity. The post Crypto miner warns of potential bankruptcy as unclosed financing leaves $33 million in maturing debt exposed appeared first on CryptoSlate. Under its current 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 filing said the company would use th…
