Russia's largest Bitcoin miner BitRiver faces bankruptcy

Russia's largest Bitcoin mining company, BitRiver, is on the brink of bankruptcy, local media outlet Kommersant reported. The development follows a bankruptcy petition filed by major energy firm En+, which claims it has not been repaid a 700 million ruble ($9.2 million) advance and penalty fee. No recoverable assets were found, and negotiations are now underway among investors and creditors to transfer ownership of the company.