Bitcoin Miner Aquifer Files for Chapter 11 Bankruptcy
Bitcoin mining company Aquifer LLC has filed for Chapter 11 bankruptcy protection. According to court documents obtained by CoinDesk, Aquifer, also known as AQH, LLC, filed for Chapter 11 in the US Bankruptcy Court for the Northern District of California on 19th February. The company claimed between $1m and $10m in assets, as well as between $1m and $10m in outstanding liabilities. The company has between one and 49 creditors, the filing stated. Aquifer said in court documents that it expects to have enough funds on hand to repay unsecured creditors. The filing names a number of....
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Bitcoin mining company Aquifer LLC became the latest victim of falling BTC prices. The privately-funded Californian company recently filed for bankruptcy protection after allegedly facing losses in its Bitcoin mining services. In its filling to the US court, Aquifer mentioned its outstanding liabilities to be hovering between $1m and $10m, so do their assets' value. The number of creditors meanwhile were declared to be less than 49. By looking at the Aquifer official LinkedIn profile, it is clear that the company indeed had invested a large sum into their business. It includes a power....
Bitcoin mining firm Compute North filed for Chapter 11 bankruptcy protection in Texas on Thursday as the crypto winter continues to put pressure on crypto mining operations. The bankruptcy petition filed on September 22, indicates the company looks to stabilize operations in order to repay creditors.
Compute North Files for Chapter 11 Bankruptcy Protection
Five months ago last April, Compute North revealed the company was building a 300 megawatt (MW) data center in Texas. Months before that at the end of 2021, Compute North entered a deal with Marathon Digital Holdings (Nasdaq:....
Another crypto lender, Celsius Network, has sought bankruptcy protection in the U.S. “Customer claims will be addressed through the Chapter 11 process,” the company said. Two other crypto firms recently filed for bankruptcy protection: Voyager Digital and Three Arrows Capital (3AC). Celsius Follows Voyager, Files for Chapter 11 Bankruptcy Crypto lender Celsius Network announced Wednesday that it has “filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the Southern District of New....
Voyager files for Chapter 11 bankruptcy due to their large exposure to Three Arrows Capital as the contagion continues to spread across the market.
The troubled crypto hedge fund Three Arrows Capital Ltd., otherwise known as 3AC, has filed for bankruptcy according to recent court filings. The court papers show 3AC is aiming for an ancillary Chapter 15 proceeding so liquidators and creditors cannot seize the firm’s U.S. assets. 3AC Files for Bankruptcy — ‘Tremors’ From the Crypto Market Fall ‘Continue to Reverberate,’ Says JPMorgan Analyst Following the reports that Three Arrows Capital Ltd. (3AC) was reprimanded by the Monetary Authority of Singapore (MAS) and faced liquidation from a court....