Russia’s Largest Bitcoin Miner BitRiver Faces Bankruptcy Crisis – What Went Wrong?
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.
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