River alleges missed payments under a hosted Bitcoin mining termination agreement, including about $3.5 million in prepaid-fee refunds and a $3.1 million early termination fee.
The crypto platform has not disclosed the offering’s timing, share count or price range, while reporting has placed a potential raise at $500 million.
Investors committed RMB19.0471 billion to Beijing Kling, the entity expected to hold Kling AI assets after restructuring, while a future IPO remains conditional.
The rebrand leaves user accounts, balances and wallet addresses unchanged, while Gram Wallet adds a separate non-custodial option inside Telegram.
Three institutional counterparties borrowed $150 million in USDC against $222 million of BTC collateral through the arrangement.
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