Lake Parime Limited – administration

Lake Parime Limited, a London-based cryptomining firm, entered administration on 27 January. Joint Administrators Ed Boyle and Will Wright of Interpath Advisory said that the value of the firm’s recently-acquired specialist bitcoin mining hardware decreased due to its link to the price of Bitcoin. Immediately following their appointment, the Joint Administrators completed a pre-pack sale of the firm’s business and assets to Statar Mining Limited, saving 16 jobs.