Express

Lawyer Revealed Bitmain Lost Nearly $60 Million In 2019

Summary: According to a public court filing, a lawyer representing Bitcoin miner giant Bitmain revealed that the company lost nearly $60 million in 2019, compared to the company's profit of about $450 million in 2018. Four former Bitmain employees filed a lawsuit against the company earlier this year, claiming the company owes employees severance pay, compensation, ...

According to a public court filing, a lawyer representing Bitcoin miner giant Bitmain revealed that the company lost nearly $60 million in 2019, compared to the company's profit of about $450 million in 2018.

Four former Bitmain employees filed a lawsuit against the company earlier this year, claiming the company owes employees severance pay, compensation, and bonuses, while lawyer argues that the payment of salaries and bonuses is an internal policy that depends on the company's overall business performance and not included in the legal contract.

BY Mary Liu

Last Update:

Tags: ,,
Link: Lawyer Revealed Bitmain Lost Nearly $60 Million In 2019   [Copy]
Next:

Related Articles

  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 4 days ago
  • Google Steps Into Blockchain: A New Front in the “Ledger Wars” 6 days ago
  • Bitcoin Weekly Analysis: Is a Bear Market on the Horizon? 8 days ago
  • AI Fraud Is Breaking the Internet’s Trust Economy. Can Compliance Tech Keep Up? 11 days ago
  • Can a $300M RWA Fund Save Avalanche's TVL? 12 days ago

    • You need to login to comment.