Bitcoin mining manufacturer can’t pay staff – report ...News

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Bitcoin mining manufacturer can’t pay staff – report
source : Russia Today ( News ) () 26
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 circuit (ASIC) tuned for the job of mining crypto, has reportedly cut some staff, reduced all “bonuses and incentives” and still has not paid remuneration due since last month. “Fo

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