Giga Watt

Balaci’s testimony indicates that BitClub never ran the lucrative bitcoin mining pools it lured victim investors with. (Shutterstock)

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Bankrupt Bitcoin Miner Giga Watt Forced to Cease Daily Operations

Bankrupt bitcoin mining firm Giga Watt has said it's shutting down operations after its power was cut and facility access was blocked.

Balaci’s testimony indicates that BitClub never ran the lucrative bitcoin mining pools it lured victim investors with. (Shutterstock)

By Yogita Khatri

Jan 16, 2019 at 10:10 a.m. UTC

Jan 16, 2019

Bitcoin MiningMiningBankruptcyNewsGiga Wattbusiness news

Cryptocurrency mining machines

Markets

Giga Watt Drastically Revises Assets in Updated Bankruptcy Filing

Bankrupt U.S.-based bitcoin mining firm Giga Watt just hiked the value of its assets in a revised court filing.

Cryptocurrency mining machines

By Yogita Khatri

Nov 23, 2018 at 12:00 p.m. UTC

Nov 23, 2018

Bitcoin MiningMiningBankruptcyUSNewsGiga Watt

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Markets

Bitcoin Mining Firm Giga Watt Declares Bankruptcy Owing Millions

U.S.-based bitcoin mining firm Giga Watt has declared bankruptcy with millions still owed to creditors.

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By Yogita Khatri

Nov 21, 2018 at 1:00 p.m. UTC

Nov 21, 2018

Bitcoin MiningMiningBankruptcyUSNewsGiga Watt

Credit: Shutterstock

Markets

Bitcoin Miner Sued for Unregistered Securities After ICO

Giga Watt, a startup that held an ICO to fund a bitcoin mining facility, is being sued for allegedly conducting an unregistered securities offering.

Credit: Shutterstock

By Aaron Stanley

Jan 3, 2018 at 2:00 p.m. UTC

Jan 3, 2018

Bitcoin MiningDave CarlsonNewsSecuritiesICOsLegalGiga Wattbusiness newsus-canada