Russian Bitcoin Miner BitRiver Faces Bankruptcy

The post Russian Bitcoin Miner BitRiver Faces Bankruptcy appeared first on Coinpedia Fintech News Russian Bitcoin mining giant BitRiver is on the brink of bankruptcy after a court launched insolvency proceedings over unpaid debts of more than 700 million rubles related to equipment and electricity costs. The company has shut down several facilities, faced management departures, and grappled with creditor lawsuits. Adding to its challenges, founder Igor Runets has been charged …