2020-1-6 16:04 |
Bitmain’s co-founder and biggest shareholder claims he is “firmly opposed to layoffs” at the firm after being ousted by current CEO Jihan Wu
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Jihan Wu, former CEO and Co-founder of Beijing-based mining chip manufacturing giant, Bitmain Technologies, has reportedly opposed the layoffs of a significant portion of the working staff at the firmThe post Bitmain's former CEO claims to oppose layoffs in open letter appeared first on AMBCrypto.
2020-1-6 15:30 | |
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Bitcoin mining giant Bitmain has officially announced its new CEO and says it will restart the IPO listing process sometime in the future. The company endured a difficult 2018 with administrative upheavals, staff layoffs, and significant losses.
2019-3-27 01:00 | |
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Ebang, one of China’s top manufacturers of bitcoin miners, is planning to produce 400,000 mining machines in 2019. On February 22, 2019, Ebang reportedly announced this plan to expand dramatically throughout the fiscal year.
2019-2-26 22:09 | |
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Things are not looking good for the mining juggernaut with layoffs, mammoth-sized losses, and Jihan Wu’s rumored departure
2019-3-27 17:32 | |
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The Singapore based NEM Foundation is the latest to suffer from the prolonged bear market as it faces bankruptcy fears and axes staff. In recent months a number of crypto companies including Bitmain, ConsenSys, Huobi and Blockfolio have downsized and cut staff in the midst of the ever deepening crypto winter.
2019-1-31 10:16 | |
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ConsenSys, ShapeShift, Bitmain, and Huobi are among the notable crypto upstarts that have announced layoffs in recent weeks, citing bids to extend their financial runways. However, other Bitcoin-friendly companies have bolstered their war chests through other mediums, accentuating that venture investors haven’t shirked away from this budding sector.
2019-1-27 00:00 | |
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Chinese crypto mining juggernaut Bitmain has taken a substantial hit in the recent crypto crash, leading to negative consequences for the company on many fronts. Just today, a source has confirmed with Bitcoin Magazine that the company is shutting down its offices in Amsterdam.
2019-1-15 00:45 | |
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Bitmain’s woes continue with layoffs and a muddled suspension that leaves behind a skeleton crew.
2019-1-15 22:27 | |
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Reshuffling continues at Bitmain after a harsh December saw company-wide layoffs. Jihan Wu and Micree Zhan are reportedly out as co-CEOs.
2019-1-11 22:57 | |
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Bitmain, the Chinese mining hardware manufacturer who recently applied for listing on the Hong Kong Stock Exchange, has laid off around half of their employees, the company confirmed in a statement: “There has been some adjustment to our staff this year as we continue to build a long-term, sustainable and scalable business.
2018-12-28 00:05 | |
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The Chinese crypto mining company Bitmain has apparently been hit hard by the bear market and is looking to sack more than half of their entire workforce. Credible rumors of this story first began to circulate on Maimai, China’s equivalent to LinkedIn, as anonymous sources on a site frequently used by Bitmain employees began reporting that the company was looking at massive layoffs in the next several days.
2018-12-29 21:20 | |
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The Chinese crypto mining company Bitmain has apparently been hit hard by the bear market and is looking to sack more than half of their entire workforce. Credible rumors of this story first began to circulate on Maimai, China’s equivalent to LinkedIn, as anonymous sources on a site frequently used by Bitmain employees began reporting that the company was looking at massive layoffs in the next several days.
2018-12-27 21:20 | |
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As the price of Bitcoin and cryptocurrencies have fallen by as much as 90 percent from their all-time highs, crypto companies are starting to feel the strain. According to the South China Morning Post, Chinese crypto giants Huobi and Bitmain are planning staff layoffs owing to the almost year-long crypto winter.
2018-12-27 19:59 | |
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More details about Bitmain layoffs emerge Major Chinese cryptocurrency mining company Bitmain just can’t seem to catch a break lately. Just months after filing to go public on the Hong Kong Stock Exchange, these plans have apparently been shelved as a complete restructuring of the company’s business is seemingly under way.
2018-12-27 18:53 | |
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CoinSpeaker Bitmain Layoffs Could Pull Down Bitcoin Cash and Litecoin Prices in 2019, Says Crypto VC According to Kyle Samani, after mass discharge of employees, Bitmain would liquidate its crypto-assets worth of $316 million.
2018-12-27 13:58 | |
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The crypto-winter is affecting billion-dollar players in the cryptocurrency market. After the much-publicized layoffs at ConsenSys, SpankChain, and Steemit, mining equipment manufacturer Bitmain is reportedly cutting down 50 percent of its total workforce, alongside shutting down its entire Bitcoin Cash (BCH)-focused division.
2018-12-27 05:04 | |
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The mining giant is losing some weight.
2018-12-27 03:22 | |
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Months after it filed an application to go public on the Hong Kong Stock Exchange, Beijing-based cryptocurrency mining giant Bitmain is undergoing a series of business changes that extend even to its China offices, the company confirmed Tuesday.
2018-12-25 19:00 | |
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Things appear to be far from well with Bitcoin Mining firm Bitmain as several reports indicate another round of employee layoffs at the firm. This news follows reports that the company’s IPO is also dead in the water after rumors of Q3 losses running into over $700 million.
2018-12-25 00:00 | |
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The Cyprus Securities and Exchange Commission has extended its suspension on FTX Europe’s investment firm license, banning the crypto exchange from offering services or accepting any new clients.
The Federal Reserve Bank of Minneapolis recently released a paper that suggested governments should ban or tax Bitcoin in order to maintain primary deficits. In a working paper recently published by the Minneapolis Feds on Oct. 17, governments are urged…
Ireland will draft urgent cryptocurrency regulations before the European Union Anti-Money Laundering and terror financing standards come into effect on Dec. 30. According to the Irish Examiner on Oct.
He "is not nearly as clever as he thinks he is," says a U.K. Judge reviewing the Australian computer scientist’s many questionable legal maneuvers.
Fannizadeh, a lawyer specializing in the crypto industry at Geneva Legal, is a speaker at this year’s Consensus festival, May 29-31, in Austin, Texas.
The proposal narrowly passed, with 41.1% of votes for and 38.5% of votes against.
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