Bearish Crypto Market Claims Another Victim in Mining Space

The long-running bearish sentiment of cryptocurrency market has claimed another victim.
Giga Watt, a US-based Bitcoin mining firm, sent an email to its customers, stating that it has decided to close down operations. The company clarified that it had lost access and power to its mining facilities because it didn’t have adequate funds to continue the mining services.
The email came two months after Giga Watt filed for Chapter 11 bankruptcy. In November 2o18, the company had admitted lo