BitRiver Bankruptcy Looms as Russia’s Largest Bitcoin Miner Faces Insolvency Proceedings

TLDR: The court initiated insolvency monitoring for BitRiver after En+ filed for bankruptcy over an unpaid $9.2M debt.  BitRiver founder Igor Runets was placed under house arrest on tax evasion charges amid the company’s crisis.  Multiple mining sites shut down due to regional bans and unpaid electricity bills exceeding 940M rubles.  The company lost 80% [...]

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