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Award-winning Brix Distillers enters administration

Sydney Distilling Co, the boutique rum maker trading as Brix Distillers, has entered voluntary administration. RSM Australia has been appointed as the administrator to Australia’s first craft rum distillery. It said that all available options are being explored, including the sale of the business’s assets through a deed of company arrangement. The business, founded in…

BitRiver bankruptcy case exposes stress in Russia’s bitcoin mining sector — TradingView News

BitRiver, Russia’s largest bitcoin mining operator, has entered formal insolvency proceedings after a Russian arbitration court accepted creditor claims linked to unpaid debts. The case marks one of the most significant financial failures in the country’s crypto mining industry and highlights the pressure facing energy-intensive operators as costs rise and access to capital tightens. The…

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