Tag: KNC Group

Swedish Bitcoin Mining Firm KnCMiner Files For Bankruptcy

Founded in 2013, Swedish bitcoin mining hardware firm KnCMiner has filed for bankruptcy today. Its parent company, KNC Group, along with six other subsidiaries, have been placed into receivership under Nils Ã…berg, as reported by CoinDesk. According to report by Swedish Startup Space, a division of Sweden-based news service BREAKIT, the KnC Group board of directors took the decisions to close the company due to increasing competition from miners in …
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