Bankrupt Bitcoin miner Giga Watt shuts down operations

posted 3 months ago
Bankrupt US based bitcoin mining firm Giga Watt has been forced to shut down day-to-day operations. The firm sent an email to customers saying “at present, both access and power to the facilities in which Giga Watt operates have been closed to the company.”

Giga Watt had filed for Chapter 11 bankruptcy at a court in the Eastern District of Washington back in November. According to court documents, the firm owes its biggest 20 unsecured creditors nearly $7 million, including around $800,000 to electricity providers.
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