BITCOIN BankruptcySweden-based bitcoin mining firm KnCMiner, a startup that has raised $32m in venture funding from investors including Accel and Creandum, has declared bankruptcy.

The bankruptcy filing and entrance into receivership marks a new and perhaps penultimate phase for KnC, which was founded in 2013 and has drawn fire in the past from bitcoin and digital currency ecosystem over its consumer-oriented mining products.

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