🚨 Russia’s Largest Bitcoin Miner BitRiver Faces Bankruptcy Crisis — What Went Wrong?

Russia’s biggest Bitcoin mining company BitRiver is reportedly on the brink of bankruptcy after facing massive financial and operational challenges.

🔍 Key Reasons:

🇺🇸 Western sanctions cut BitRiver off from international financing and tech partnerships

⚡ Rising energy and infrastructure costs squeezed profit margins

📉 Bitcoin price volatility weakened mining profitability

🏦 Debt pressure and limited access to capital worsened liquidity issues

📌 Market Impact:

This situation highlights how geopolitical risks and regulation can heavily impact crypto mining businesses — especially those dependent on global infrastructure and funding.

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