Bankruptcy Judge Approves BlockFi's $4.7 Million Sale of Some Mining Rigs and Other Physical Assets

According to The Block, the bankruptcy judge approved BlockFi to sell some mining machines and other physical assets for $4.7 million, and the winning bidder was U.S. Farms. In January of this year, according to Bloomberg, citing people familiar with the matter, BlockFi planned to sell a $160 million loan secured by 68,000 bitcoin mining machines.