Rhino Bitcoin Inc.
RHNO
Other OTC8.01
USD
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Rhino Bitcoin Inc.
RHNO
(Other OTC)
Recent
price
8.01
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.- Similar Companies
- Business
- Rhino Resource Partners LP (RHNO) is a diversified energy limited partnership that produces, processes, and markets steam and metallurgical coal from surface and underground mines in Central and Northern Appalachia, including operations in Kentucky, Ohio, West Virginia, Virginia, and Utah; the company markets steam coal primarily to electric utilities for power generation and metallurgical coal to steel and coke producers, with estimated coal reserves of 268.5 million tons of proven and probable deposits as of late 2018 comprising 214.0 million tons of steam coal and 54.5 million tons of metallurgical coal. Founded in 2003 and headquartered in Lexington, Kentucky, Rhino GP LLC serves as its general partner, overseeing coal production across multiple basins targeting U.S. domestic and export customers through brokers and direct relationships. In 2019, the partnership acquired mid-vol metallurgical coal assets including three underground mines, a preparation plant, and rail facilities in Virginia from the bankrupt Blackjewel L.L.C. for $850,000 plus royalties through its subsidiary Jewell Valley Mining LLC, expanding its high-demand coal portfolio with Colbeck Capital Management support; however, facing weak metallurgical coal prices and COVID-19 impacts, Rhino filed for Chapter 11 bankruptcy protection in July 2020 in the U.S. Bankruptcy Court for the Southern District of Ohio, securing $11.75 million in debtor-in-possession financing and pursuing an orderly asset sale, with operations ceasing upon plan confirmation and effective liquidation on February 1, 2021.
Company News
Rhino Bitcoin Provides Update on Plans to Complete SEC Filings and Strengthen Independent Governance to Enhance Transparency and Position for a Potential Exchange Uplisting
A Bitcoin-Only Company Just Put Half a Billion Tokens on Its Balance Sheet Without Blinking on Its Mission
Rhino Bitcoin Adds 500,000,000 Splendor Labs (SPLD) Tokens to Corporate Balance Sheet
As Institutions Warm to Bitcoin, a Zero-Fee Bitcoin Banking App Says Its Verified User Base More Than Tripled
Rhino Bitcoin Users More Than Triple in Q2 as Company Ramps Up Massive Marketing Push
Rhino Bitcoin Achieves 36% App Install Growth with SatsDrop and Mexico Remittances