Russian mining company BitRiver faces bankruptcy, founder under house arrest for suspected tax evasion.

Techub News reports, according to Russia's Kommersant, Russian crypto mining company BitRiver is facing a bankruptcy crisis. The Sverdlovsk Region Arbitration Court has initiated bankruptcy supervision proceedings against Fox Group, which holds a 98% stake in BitRiver. The case was filed by "Siberian Infrastructure," a company under En+, involving a total debt and penalty exceeding $9.2 million (approximately 700 million rubles). This debt stems from an equipment supply contract worth about 700 million rubles, which BitRiver failed to fulfill after receiving an advance payment. Currently, multiple mining farms operated by BitRiver in regions such as Irkutsk Oblast and the Republic of Ingushetia have been shut down or suspended, and its cooperation with Gazprom Neft has also been terminated. By the end of 2025, approximately 80% of the company's senior executives had left. Founder and CEO Igor Runets has been placed under house arrest on suspicion of tax evasion. Relevant parties are currently negotiating the disposal of BitRiver's assets and changes in ownership.