– Bitmain, the world’s largest Bitcoin mining manufacturer, has made delayed staff wage payments for September.
– The company issued an internal notice on Oct. 3 stating that it had suspended payment of a portion of employee salaries in September due to negative operating cash flow.
– Bitmain confirmed the repayment of September wages on Oct. 7, including performance salary payments.
– The issue was shared on the Chinese social networking app Miamai but later deleted.
– Bitmain recently launched its latest Antminer S21 Bitcoin mining machine and announced plans to invest $54 million in bankrupt Bitcoin mining firm Core Scientific.
– Average bitcoin miner revenue per TH/s has fallen 40% since May, coinciding with the fall in the price of Bitcoin and increasing total hashrate on the network.
– This article is for informational purposes only and does not provide legal, tax, investment, financial, or other advice.
Bitmain, the largest Bitcoin mining manufacturer, has finally paid its delayed staff wages for September. The company had previously suspended a portion of employee salaries due to negative operating cash flow. Bitmain launched its latest Antminer S21 Bitcoin mining machine and invested $54 million in Core Scientific, a bankrupt Bitcoin mining firm. The average bitcoin miner revenue per TH/s has fallen by 40% since May, coinciding with a decrease in the price of bitcoin and an increase in total network hashrate.
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