๐จ Bitmain, the Bitcoin ASIC manufacturer, hits "pause" on employee salaries! ๐ฑ Citing a net negative cash flow in September, the company's execs have decided to halt payments until further review after October 7. ๐ธ
- Bonuses and incentives? Gone. ๐จ
- Base salary? Cut by 50%. โ๏ธ
- Bitmain's market share? Once a whopping 70%. ๐
- IPO dreams? Probably on hold. ๐ด
Despite recent sales, like Hive's purchase of 2,000 S19 XP ASIC miners, Bitmain's financial woes continue. Will the post-holiday review bring good news for employees? Stay tuned! ๐ค
- Bonuses and incentives? Gone. ๐จ
- Base salary? Cut by 50%. โ๏ธ
- Bitmain's market share? Once a whopping 70%. ๐
- IPO dreams? Probably on hold. ๐ด
Despite recent sales, like Hive's purchase of 2,000 S19 XP ASIC miners, Bitmain's financial woes continue. Will the post-holiday review bring good news for employees? Stay tuned! ๐ค