Bitmain, which develops special equipment for Bitcoin (BTC) miners, came to the fore with the temporary cut it imposed on employee salaries.
The cryptocurrency industry and related companies continue to experience cash shortages. Made by Chinese crypto journalist Colin Wu on social media on October 8. in sharingDetails of the salary cut applied to Bitmain’s employees were included.
Company, 3 October financial reports dated Cash flow in September did not turn positive that it has revealed and for this reason, in employee salaries interruption will be implemented he stated.
Employees’ September salaries were not paid in full following these statements. In the details provided by Wu, some company employees confirming the outage status place was given. According to the information conveyed wage outage all bitmain applied to its employees.
Making a statement in parallel with the financial reports, Bitmain management said: until October 7 He stated that the situation will be evaluated until September and the payments can be completed in September accordingly:
Given the current situation, particularly that our mining operations remain below our standards, EMT has chosen to temporarily suspend some of its September salary payments. Depending on current conditions, we anticipate resuming these payments after the October 7 holiday.
Despite all these disruptions and financial difficulties, the company closed on October 7, compared to the one experienced in September. paid back the deduction and its employees not to victimize preferred. Wu, including employees’ special performance salaries They received all their wages in full Wrote.