Bitcoin Mining Startup Envion Ordered to Close by Swiss Court15.72

A court in Switzerland has ordered the closure of bitcoin mining startup Envion AG over concerns of poor corporate governance. The company raised $100 million in an initial coin offering (ICO) in January, but a succession of boardroom wrangles have led to a breakdown in its corporate structure, bringing operations to a halt.

Also read: Canadian Bitcoin Miner Fortress Blockchain Reports $1.16M Loss in Q3

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