Bitcoin Miner Giga Watt Files for Bankruptcy Amidst Price Crash-5.28

Giga Watt recently filed for bankruptcy in a Washington court, declaring that it had under $50,000 in assets, with debt worth millions of dollars.

According to iFiberOne, U.S.-based cryptocurrency company, Giga Watt, filed for Chapter 11 bankruptcy code in a Federal Court located in the Eastern District of Washington. The firm claimed that it possessed below $50,000 in assets while it owed creditors almost $70 million.

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