New Hampshire rejects $100M Bitcoin-backed bond
The post New Hampshire rejects $100M Bitcoin-backed bond appeared on BitcoinEthereumNews.com. New Hampshire’s Executive Council has rejected a proposal to issue up to $100 million in Bitcoin-backed revenue bonds linked to Bitcoin miner CleanSpark. Summary New Hampshire’s Executive Council rejected the proposed $100 million Bitcoin-backed bond by a 3-2 vote. CleanSpark planned to post about $160 million in Bitcoin without exposing taxpayers to direct repayment risk. Moody’s assigned the proposed bonds a Ba2 speculative-grade rating before the final state approval failed. The five-member council voted 3-2 against the plan during its July 8 meeting. The decision blocked the final state approval required for the New Hampshire Business Finance Authority to proceed with the transaction. Meanwhile, the proposal appeared on the state’s July 8 Executive Council agenda. It called for the Business Finance Authority to issue taxable revenue bonds for NH CleanSpark Borrower Trust 2026-1. The borrow