Bitcoin mining manufacturer can’t pay staff – report

Oct 11th 2023 1:31am EDT

Disappointing sales are behind Beijing-based Bitmain’s decision to furlough employees, local media reports Bitmain, the world’s biggest producer of hardware designed for mining cryptocurrency, has stopped paying salaries for September and beyond, China’s tech media outlet Leiphone reported on Tuesday, citing many company employees familiar with the matter. The Beijing-based corporation, which manufactures application-specific integrated […]

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