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Delaware-based Bitcoin mining hosting firm Compass Mining announced Tuesday that its chief executive officer Whitney Gibbs and chief finance officer Jodie Fisher have resigned, effective immediately.
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Fast facts
- The firm’s board has appointed chief technology officer Paul Gosker and chief mining officer Thomas Heller as co-presidents and interim CEOs.
- Gibbs and Fisher’s resignations came after Compass reportedly lost a mining facility due to its inability to pay electricity bills.
- The mining service provider had US$1.2 million in total liabilities, of which US$665,000 were paid, according to one of its facility owners, Dynamics Mining, who claims to have terminated its mining hosting contract with Compass on June 14.
- Dynamics’ allegations are “completely incorrect [and] lack any factual support,” Compass said in a statement.
- Compass has filed a lawsuit and requested expedited relief to protect itself and consumer interests, Compass said.
- Compass Mining’s Discord channel has been closed since Monday, according to reports from several users.
See related article: Bitcoin mining difficulty reading drops 2.35% in latest adjustment