NFN8 Group and subsidiaries plan asset liquidation under court supervision, citing a halving-driven revenue drop, litigation expenses, and a fire that halved mining capacity.
On February 2, 2026, NFN8 Group and its subsidiaries filed for Chapter 11 bankruptcy, announcing plans to sell all assets under court supervision. The Texas-based Bitcoin miner cited post-halving market turmoil, high litigation costs, and a 2025 fire that cut its mining capacity by 50% as key factors in its insolvency. NFN8 secured $2.75 million in debtor-in-possession financing from Twelve Bridge Capital to maintain operations during the bankruptcy process.