Largest Bitcoin Miner BitRiver Faces Bankruptcy Crisis | Crypto

BitRiver, Russia's largest Bitcoin mining operation controlling over 50% of the national market, is spiraling toward bankruptcy following a court-ordered observation proceeding against its parent company over a $9.2 million debt claim, compounded by regional mining bans, energy disputes, and the recent detention of CEO Igor Runets on tax evasion charges. The post Russia’s Largest Bitcoin Miner BitRiver Faces Bankruptcy Crisis – What Went Wrong? appeared first on Cryptonews.