Mining hardware manufacturer Bitmain has temporarily suspended salary payments to its employees, a media report has revealed. News of the move comes along with information suggesting that the crypto giant is experiencing financial difficulties with poor results from its operations.
Antminer Maker Bitmain Reportedly Delays Salaries and Bonuses
Bitmain, a major producer of bitcoin mining devices, has halted salaries and other incentives, according to inside sources quoted by Chinese media. In a notice reportedly confirmed by employees, Bitmain said its September cash flow has not turned positive.
The company was worried in particular about the orders for new mining machines, the report detailed, and decided to postpone some employee payments for September until later in October, depending on how the situation develops.
By Sunday, Bitmain workers were yet to receive their salaries for last month as well as their year-end bonuses for 2022. The suspension has affected all performance wages
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