More Layoffs: Bitcoin Mining Giant Bitmain Makes Cuts in Amsterdam & Texas

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More Layoffs: Bitcoin Mining Giant Bitmain Makes Cuts in Amsterdam & Texas


Bitmain’s problems continue, as the world’s largest bitcoin mining firm has announced a fresh round of layoffs. Bitmain is rumored to have lost over $700 million in Q4 2018, and late last month reports broke out that the Chinese mining giant is set to fire 50% of its workforce. Later, the company shut down its

The post More Layoffs: Bitcoin Mining Giant Bitmain Makes Cuts in Amsterdam & Texas appeared first on CCN

Posted by Vignesh Selvasundar on January 14, 2019 @ https://www.ccn.com/more-layoffs-bitcoin-mining-giant-bitmain-makes-cuts-in-amsterdam-texas/

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