Creditors File Bankruptcy Case Against Mawson Infrastructure (1)

Creditors of Mawson Infrastructure Group, which builds data centers for Bitcoin miners and artificial intelligence firms, filed court papers to push the company into bankruptcy after its cash position fell to less than $6 million.

Creditors in Australia, including W Capital Advisors and Marshall Investments, filed a Chapter 11 petition against the company in Wilmington, Delaware on Wednesday morning. The creditors say they are owed more than 13.5 million Australian dollars ($8.7 million).

In its latest quarterly report to shareholders, Mawson reported losing $41.6 million in the nine-months ending on Sept. 30. Mawson has the option of fighting the ...