[Bitcoin Mining Company NFN8 Files for Bankruptcy Protection] On February 9, documents from the U.S. Bankruptcy Court for the Western District of Texas revealed that Bitcoin mining company NFN8 Group and its subsidiaries have filed for Chapter 11 bankruptcy protection. The financial crisis stems from market turbulence following the Bitcoin halving in April 2024, litigation costs, and a facility fire at the end of 2025 that reduced mining capacity by 50%. NFN8's Chief Restructuring Officer Erik White stated that the company owns over 5,000 unencumbered mining machines and collaborates with more than 250 counterparties. It is now seeking $2.75 million in debtor-in-possession financing to maintain operations and preserve enterprise value through a court-supervised sale process.