Russia's Largest Bitcoin Miner Bitriver Faces Bankruptcy Crisis

Russia’s Biggest Bitcoin Miner BitRiver Enters Bankruptcy

TL;DR BitRiver, Russia’s largest Bitcoin miner, entered bankruptcy following multiple contract disputes, international sanctions, and operational shutdowns. CEO Igor Runets was placed under house arrest on multiple tax evasion charges. Despite the company’s collapse, Bitcoin mining in Russia grew 33% in 2025. BitRiver, Russia’s largest Bitcoin miner, entered bankruptcy proceedings while facing multiple financial and legal issues. Its parent com…

BitRiver bankruptcy case exposes stress in Russia’s bitcoin mining sector

BitRiver faces bankruptcy after a Russian court opens insolvency proceedings over unpaid debts, hitting the bitcoin mining sector.

Mining Giant in Ruin: BitRiver Parent Enters Bankruptcy

In a stunning blow to global Bitcoin hash power, the parent company of BitRiver, once the dominant force in Russian crypto mining, officially entered bankruptcy monitoring on February 2, 2026.

BitRiver’s Bankruptcy will Impact Bitcoin’s Global Hashrates

BitRiver, Russia’s largest Bitcoin mining company, is currently facing a serious bankruptcy crisis. A Russian arbitration court specifically in the Sverdlovsk Region has initiated bankruptcy observation/monitoring proceedings (the initial stage of insolvency) against Fox Group of Companies LLC, the parent entity that owns 98% of BitRiver’s management company. This was triggered by a creditor claim […] The post BitRiver’s Bankruptcy will Impact B…