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Anas Hassan

BitRiver Put Under Observation on Jan 27 Over $9.2M Debt as Bankruptcy Looms

On January 27, the Sverdlovsk Regional Arbitration Court opened observation for Fox Group, which owns 98% of BitRiver's management unit, following a $9.2 million claim by En+'s Infrastructure of Siberia. The action puts Russia's largest Bitcoin miner at risk of insolvency amid an equipment-delivery dispute, regional mining bans, energy payment conflicts, and CEO Igor Runets's recent detention on tax-evasion charges.
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