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BitRiver, Russia's Largest Bitcoin Mining Firm, Faces Potential Bankruptcy

2026/02/03 16:11
CoinPost
Written by A.Yamada
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BitRiver, Russia's Largest Bitcoin Mining Firm, Faces Potential Bankruptcy

Is BitRiver on the Brink of Bankruptcy?

BitRiver, Russia's largest Bitcoin (BTC) mining company, is facing a crisis that could lead to bankruptcy, as reported by local media on February 2nd. The Sverdlovsk Regional Arbitration Court initiated bankruptcy proceedings on January 27th against Fox Group of Companies, which holds 98% of BitRiver Management Company. This action follows a lawsuit filed by Infrastructure of Siberia, a subsidiary of En+ Group, against Fox Group.

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Iolite Vol.18

Iolite Vol.18

March 2026 issueReleased on 2026/01/30

Interview: Iolite FACE vol.18 Takeshi Chino, Representative Director, Binance Japan PHOTO & INTERVIEW: Mai Shin Special Features: “Future Money — The Current State of Value Transfer” “Upcoming Amendments to Japan’s Crypto Asset Regulations” “The Reality of IEOs” Crypto Journey Beyond a Treasury Company: Becoming an Ethereum Evangelist — The Essence and Determination Behind HODL1’s Digital Asset Treasury (DAT) Strategy Interview with Hiroki Tahara, Representative Director, Kusim Inc. (now HODL1) Series: “Expert Perspectives on Interpreting Volatile Crypto Markets” — Kasou NISHI Series Tech and Future — Toshinao Sasaki …and more

MAGAZINE

Iolite Vol.18

March 2026 issueReleased on 2026/01/30
Interview: Iolite FACE vol.18 Takeshi Chino, Representative Director, Binance Japan PHOTO & INTERVIEW: Mai Shin Special Features: “Future Money — The Current State of Value Transfer” “Upcoming Amendments to Japan’s Crypto Asset Regulations” “The Reality of IEOs” Crypto Journey Beyond a Treasury Company: Becoming an Ethereum Evangelist — The Essence and Determination Behind HODL1’s Digital Asset Treasury (DAT) Strategy Interview with Hiroki Tahara, Representative Director, Kusim Inc. (now HODL1) Series: “Expert Perspectives on Interpreting Volatile Crypto Markets” — Kasou NISHI Series Tech and Future — Toshinao Sasaki …and more