CoinSpeaker Saga Comes to an End: Bitcoin Mining Firm Giga Watt Declares Bankruptcy with Millions in Debt
During the recent bitcoin market downturn, who suffered most were miners. With the current market prices, even the most efficient Bitcoin mining hardware is unprofitable. This lead to a number of cryptocurrency firms going bust. Another company hanging out the white flag is Giga Watt, one of North America’s largest cryptocurrency miners and one of the earliest players in bitcoin boom.