Russia's Largest Bitcoin Miner Bitriver Faces Bankruptcy Crisis

BitRiver’s Bankruptcy will Impact Bitcoin’s Global Hashrates

BitRiver, Russia’s largest Bitcoin mining company, is currently facing a serious bankruptcy crisis. A Russian arbitration court specifically in the Sverdlovsk Region has initiated bankruptcy observation/monitoring proceedings (the initial stage of insolvency) against Fox Group of Companies LLC, the parent entity that owns 98% of BitRiver’s management company. This was triggered by a creditor claim […] The post BitRiver’s Bankruptcy will Impact B…

BitRiver Battles Bankruptcy as CEO Faces Tax Probe

BitRiver, Russia’s crypto-mining company, is under financial pressure after a regional court opened proceedings against its main shareholder.

Russia's BitRiver faces bankruptcy over unpaid debts

BitRiver, Russia's largest bitcoin mining operator, is facing bankruptcy after a court initiated insolvency proceedings over unpaid debts.