Bitmain lost money in 2019, lawyers tell court in China
Lawyers representing Bitmain Technologies disclosed at a recent court hearing that the ASIC mining hardware manufacturer recorded a loss of nearly $60 million in 2019.
Latest layoffs News
BitGo cuts 12% of staff in a company-wide reorganization
Claiming they had to cut staff to prepare for their future ambitions, departments all over BitGO are now seeing cuts.
Bitmain prepares for BTC halving with more layoffs
Bitmain laying off 50% of its staff suggests the upcoming BTC halving may not be as lucrative as many would hope.
Goldman Sachs-backed Circle forced to downsize
The firm has announced that it needs to reduce expenses and one of the easiest ways to make this happen is to cut personnel.
Trouble ahead? Coinbase shuts down Chicago office
The location was expected to help the company expand its portfolio of cryptocurrency trading products and take advantage of the city’s financial expertise.