Rhodium Encore LLC is an industrial-scale Bitcoin mining operation with proprietary liquid-cooling and energy management technology, operating flagship sites in Rockdale and Temple, Texas with approximately 227.5 MW deployed capacity and 53,712 deployed miners. The company filed for Chapter 11 protection on August 24, 2024 in the Southern District of Texas (Case No. 24-90448) following a liquidity crisis driven by disputes with Whinstone/Riot over power facility access; a November 2023 power shutoff caused approximately $9 million in lost revenue and equipment damage, and the company pursued approximately $67 million in claimed energy credits. Default on $54 million in loans maturing July 30, 2024 triggered the bankruptcy filing. At petition, the company reported approximately $225.5 million in assets and $209.3 million in liabilities with only $2.49 million in liquidity. The Debtors obtained a $30 million DIP facility at 14.5% USD (9.5% BTC option) with 2% upfront and 2.5% exit fees. Substantially all assets were liquidated, including the Temple datacenter lease sold to Green Data, LLC for $55.07 million and Rockdale mining assets acquired by Riot Platforms for $185 million (comprising $129.9M cash, $6.1M power deposit return, and $49M in Riot stock). The Plan of Liquidation was confirmed December 19, 2025, with effectiveness on January 14, 2026. The rare outcome of full recovery for creditors including post-petition interest reflects underlying solvency despite operational challenges.