{"id":93802,"date":"2026-02-02T11:35:19","date_gmt":"2026-02-02T08:35:19","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=93802"},"modified":"2026-02-02T13:04:04","modified_gmt":"2026-02-02T10:04:04","slug":"reports-emerge-on-potential-bankruptcy-of-bitriver","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/reports-emerge-on-potential-bankruptcy-of-bitriver\/","title":{"rendered":"Russian Mining Giant BitRiver Facing Potential Bankruptcy, Outlets Say"},"content":{"rendered":"

The Arbitration Court of the Sverdlovsk Region has initiated a supervision procedure (the first stage of bankruptcy) against LLC “Fox Group of Companies” \u2014 the owner of 98% of BitRiver. This was reported by “Kommersant<\/a>“. <\/p>\n

The application was filed by En+ structure \u2014 “Siberian Infrastructure”. The firm is demanding that the mining<\/a> operator BitRiver repay a debt exceeding 700 million rubles. The amount includes an unpaid advance and penalties for undelivered equipment under contracts for 2023-2024.<\/p>\n

In April 2025, the Arbitration Court of the Irkutsk Region had already ordered<\/a> BitRiver to pay the debt, but the operator failed to comply due to a lack of assets. This led to the initiation of bankruptcy proceedings. <\/p>\n

Sources suggest that issues may have arisen after paying VAT for the first quarter of 2024 \u2014 approximately 400 million rubles. <\/p>\n

Additional Challenges <\/h2>\n

The situation is exacerbated by claims from other major creditors, including “Rosseti”. “En+ Supply” demands 133 million rubles in penalties for electricity, while the Irkutsk Electric Grid Company seeks 640 million rubles, according to “Kommersant”. <\/p>\n

A decision has already been issued<\/a> in favor of NTEK (a Norilsk Nickel structure) for the payment of 168 million rubles in electricity debt. <\/p>\n

According to the publication, by the end of 2025, about 80% of BitRiver’s top managers and several employees had left. Many company offices are closed, and equipment and documentation have been removed, journalists claim. <\/p>\n

Negotiations are reportedly underway regarding a change of ownership and the transfer of remaining assets. <\/p>\n

On January 31, the Zamoskvoretsky Court of Moscow placed BitRiver founder Igor Runets under house arrest, writes “TASS<\/a>” citing law enforcement agencies. He was accused of concealing funds for tax payments, according to an agency source. Details of the case have not been disclosed. <\/p>\n

Back in 2024, BitRiver, in collaboration with oil and gas companies, converted<\/a> over 150 million cubic meters of associated petroleum gas into electricity for bitcoin mining. <\/p>\n","protected":false},"excerpt":{"rendered":"

The Arbitration Court of the Sverdlovsk Region has initiated a supervision procedure (the first stage of bankruptcy) against LLC “Fox Group of Companies” \u2014 the owner of 98% of BitRiver.<\/p>\n","protected":false},"author":1,"featured_media":93803,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"The Arbitration Court of the Sverdlovsk Region has initiated a supervision procedure against BitRiver.","creation_source":"ai_translated","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1300,1567,1137],"class_list":["post-93802","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bankruptcy","tag-bitriver","tag-cryptocurrency-mining"],"aioseo_notices":[],"amp_enabled":true,"views":"154","promo_type":"1","layout_type":"1","short_excerpt":"The Arbitration Court of the Sverdlovsk Region has initiated a supervision procedure against BitRiver.","is_update":"0","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/93802","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=93802"}],"version-history":[{"count":2,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/93802\/revisions"}],"predecessor-version":[{"id":93812,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/93802\/revisions\/93812"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/93803"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=93802"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=93802"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=93802"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}