Gigawatt bitcoin mining firm files for Bankruptcy and faces several lawsuits..!!

in #bitcoin5 years ago (edited)

The company’s strategy collided with the current sharp decline of bitcoin prices, which in fact put a huge impact on its overall performance, the thing that seemingly resulted in coming to such a decision of leaving the market.

November 26, 2018 AtoZ Markets- The pioneer bitcoin mining company GigaWatt has recently filed for bankruptcy, after its creditor claims reached $7 million, where it currently holds less than $50,000 in assets.

The move, which follows the leave of its co-founder David Carlson in last August, refers to selling the company later, as analysts expect, amid proceedings of eviction from the Port of Douglas County.

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