Sean Hannity and three pollsters said the results of Saturday’s GOP presidential primary were “a very loud message” to former Ambassador to the UN Nikki Haley.
Bitmain Lawyer Reveals Company Loss Totalling $60 Million in 2019
Last Updated: 20 December 2020
Bitmain, the largest manufacturer of mining equipment in the crypto industry, has been suffering some financial challenges recently. A lawyer for the company explained that its losses for the past year totaled $60 million in a recent court hearing.
Snowballing Financial Strains Leave Bitcoin Hamstrung
The confession came at the People’s Court in Beijing, in a case between Bitmain and three of its former employees. The former employees accused the mining firm of not paying their compensation and bonus packages, eventually terminating them in early 2020.
In addition, the employees claimed that Bitmain had gotten $300 million in 2019, allowing it to give special bonuses of up to $11,000 to every worker in May of this year. Defending the company, a lawyer explained that Bitmain had recorded terrible financial performances in 2018 and 2019, preventing the compa