U.S. Bitcoin mining firm Giga Watt files for bankruptcy amid mounting debts

By madhurima

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Nov 22,2018 12:58 PM

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CryptoDaily; Bitcoin, Bitcoin Cash, Ethereum, EOS, Litecoin; November 22, 2018 - BCFocus | BCFocus 17天前

[…] U.S. Bitcoin mining firm Giga Watt has filed for bankruptcy on Monday, as its liabilities far exceeded its assets. The mining company filed for Chapter 11 protection, stating that it is “insolvent and unable to pay its debts when due”, according to documents filed with the Eastern District of Washington bankruptcy court. The court filing showed that the company had listed assets less than $50,000 while its liabilities were estimated between $10 million-$50 million. Read more […]

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