Compartir este artículo
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.
Por Yogita Khatri
Bankrupt U.S.-based bitcoin mining firm Giga Watt just hiked the value of its assets in a revised filing.
The firm lodged an amended voluntary petition at the bankruptcy court in the Eastern District of Washington on Thursday, stating the value of its assets as being between $10 million and $50 million, far higher than the previously stated $0–$50,000 range.
STORY CONTINUES BELOW
No te pierdas otra historia.Suscríbete al boletín de Crypto Daybook Americas hoy. Ver todos los boletines
The admin of Giga Watt’s official customer support channel on Telegram, "Andrey," said Friday, “50k is an error. Amendment done. Process of filing was in rush. Mistakes in that case happens.”
The firm's estimated liabilities and number of creditors remain the same as in the previous petition, at $10 million–$50 million and 1–49, respectively.
Giga Watt filed for bankruptcy on Monday with millions of dollars still owed to creditors, including hundreds of thousands to two electricity providers. Its biggest 20 unsecured creditors have claims worth nearly $7 million, according to the firm.
The firm was launched by veteran bitcoin miner Dave Carlson in May 2017 and held an initial coin offering (ICO) the same month that raised about $22 million-worth of cryptocurrency at the time.
This January, however, a group of plaintiffs sued Giga Watt claiming it conducted an unregistered securities offering and seeking the return of their investments.
Carlson left the firm quietly in August, after a number of job layoffs, according to reports.
The company's collapse comes as times are increasingly hard for miners. The price of bitcoin, for example, hit a 14-month low near $4,000 earlier this week, having peaked at almost $20,000 last December. And the market capitalization of the wider crypto markets fell to $136 billion earlier today, its lowest since Sept. 26, 2017, according to data from CoinMarketCap.
Mining farm image via Shutterstock
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Meer voor jou
LUNC Surges Over 160% in a Week as Do Kwon Sentencing and Token Burns Draw Traders
The rally is driven by speculation that a final verdict could bring clarity to the project, as well as technical factors like token burns.
Wat u moet weten:
- Terra Classic (LUNC) surged 74% to $0.0000072, up 160% in the past week, on exploding trading volume, ahead of Terraform Labs founder Do Kwon's sentencing on Dec. 11.
- The rally is driven by speculation that a final verdict could bring clarity to the project, as well as technical factors like token burns, with 849 million LUNC destroyed in the past week.
- The token's momentum is also fueled by Binance's pause on LUNC withdrawals ahead of the Terra Chain's v2.18 upgrade, which aims to improve network stability, despite the token remaining volatile.
Top Stories
