US-based Bitcoin mining hosting service Compass Mining has become the latest company to reduce its workforce to survive and operate amid the ongoing cryptocurrency market downturn. In a letter to empl...
Tag: Compass
Compass Mining to Cut Salaries, Spending and 15% Staff
Compass Mining said that it is cutting salaries, spending and 15% of its team. The Bitcoin mining company also stated that pay cuts were up to 50% for senior employees and the executive team. “W...
Bitcoin Mining Company Compass Cuts Staff by 15%
Compass Mining announced today that it would reduce staff by 15% and reduce compensation for executives by up to 50%. “Today, we have made the difficult decision to reduce the size of the Compas...
Compass Mining Cuts 15% of Staff, Lowers Executive Compensation
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Missed Power Bill Payments Force Compass Mining To Shut a Facility
Compass Mining, a provider of Bitcoin (BTC) mining gear and hosting, has ended up losing one of its Maine-based hosting locations after the owner of the facility, Dynamics Mining, canceled the ability...
Are Dynamics Allegations of Unpaid Power Bills On Bitcoin Mining Firm Compass Mining True?
Today, Compass Mining has officially denied that the firm owns no unpaid utility bills to Dynamics Mining at facilities in Maine. Compass Mining is a Bitcoin mining firm. For the uninitiated, on...
Compass Mining CEO and CFO resign as company cites ‘multiple setbacks and disappointments’
Compass Mining CEO Whit Gibbs and CFO Jodie Fisher have resigned from their positions. The company addressed “multiple setbacks and disappointments” getting in the way of its ultimate miss...
Bitcoin Miner Compass Denies Allegations of Unpaid Power Bills to Dynamics
Compass Mining today issued a formal denial that the Bitcoin mining company owes money to Dynamics Mining for unpaid utility bills at facilities in Maine. Dynamics on Sunday posted on Twitter that of ...
Compass Mining CEO and CFO resign
The CEO and CFO of Bitcoin Miner Compass Mining have surrendered The company cites ‘multiple setbacks and disappointments The organization said in an explanation that there have been different d...
Compass Mining denies allegations of $1.2M unpaid electricity bill, CEO, CFO resign
Compass Mining, a hosting company offering managed mining services to Bitcoin (BTC) miners, announced that both its CEO and CFO have resigned. The company said it has gone through “multiple setbacks a...
Compass Mining CEO and CFO Resign, Company Cites ‘Setbacks and Disappointments’
Bitcoin hardware mining company Compass Mining announced today the resignation of Chief Executive Officer and co-founder Whitney “Whit” Gibbs and Chief Finance Officer Jodie Fisher. “...
Compass Mining Leadership Steps Down Following Alleged Non-Payment Debacle
Compass Mining – a US-based mining service that hosts Bitcoin miners on behalf of clients – has recently announced that both CEO Whit Gibbs and CFO Jodie Fisher would be stepping down, effective immed...
Compass Mining loses facility after allegedly failing to pay power bill
Bitcoin (BTC) mining hardware and hosting company Compass Mining has lost one of its Maine-based hosting facilities after the owner, Dynamics Mining, terminated the hosting agreement between the two, ...
Compass Mining CEO And CFO Abruptly Resign, Company Faces Business Struggles
Compass Mining, a Bitcoin mining hosting and brokerage services firm based in Delaware, US, announced on Tuesday that its CEO, Mr. Whit Gibbs, and CFO, Mr. Jodie Fisher, have resigned effective immedi...
DynamicsMining Terminates Contract with Compass Mining Over Electricity Fees Debt – crypto.news
Dynamics Mining has taken to Twitter on June 27, 2022, to reveal that it has terminated its hosting contract with Compass Mining, alleging that the latter has failed to pay its power consumption bills...
Compass Mining CEO and CFO Resign Amid ‘Setbacks and Disappointments’
“Compass Mining was created to make mining easy and accessible,” said the statement. “The company recognizes that there have been multiple setbacks and disappointments that have detr...
Compass Mining loses Bitcoin mining facility for neglecting energy bill
Hosting provider Dynamics Mining has ended its hosting arrangement with Compass Mining. Dynamics the firm has failed to pay essential bills and was in default on its obligations under the terms of the...
The Housing Market Just Hit a Wall. What’s Next for Prices, Brokers, and Builder Stocks.
My summer portfolio strategy is to play the old disco hit “Baby Come Back” while slow dancing with my December brokerage statements. If it works, I have a business idea involving Hall, Oates, and a tw...
The housing market ‘correction’ intensifies as layoffs hit Redfin and Compass. This interactive map explains why
On Tuesday, layoffs hit two of the biggest names in real estate. First, Redfin announced it’s laying off 8% of its staff. Then Compass, one of the nation’s largest residential brokerages, announced it...
Compass, Redfin Shed Workers Amid Bleak Housing Market
Topline The real estate brokerages Compass and Redfin announced large layoffs Tuesday as housing demand plummets, causing their shares to tumble. Pictured is a house listed for sale with a Compass sig...
Real estate firms Compass and Redfin announce layoffs as housing market slows
Real estate firms Redfin and Compass are laying off workers, as mortgage rates rise sharply and home sales drop. In filings with the Securities and Exchange Commission, Compass announced a 10% cut to ...
Compass Mining Publishes Guidelines for Mining Cryptocurrencies at Home
Proof-of-Work (PoW) mining is long tagged as a venture that is only profitable for institutional miners. The belief is that unless a miner has hundreds of mining machines in a specified location with ...
Compass Mining to Sold $30m Worth of Assets in Russia to Fend Off Sanctions
Compass Mining, an American cryptocurrency mining firm, is looking for buyers for its gears stranded in Russia in a bid to avoid being sanctioned by the United States Department of Treasury. According...
US crypto miner Compass selling $30 million of equipment in Russia to avoid sanctions: report
American crypto-mining outfit Compass Mining is selling off about $30 million worth of hardware in Siberia after the US government sanctioned rival BitRiver over its Russian operation, Bloomberg repor...
Compass to Sell $30 Million in Crypto Mining Equipment Located in Russia – Mining Bitcoin News
The U.S.-based company Compass Mining plans to sell $30 million worth of bitcoin mining equipment that’s currently located in Siberia. The decision to sell the mining rigs follows the U.S. government ...
Compass Mining to Liquidate $30 Million in Equipment to Avoid Sanctions
In efforts to avoid U.S. and U.N. sanctions, Compass Mining is looking to liquidate all its equipment in Russia in a massive sale that could roll northwards of $30 million. Compass Mining Inc, a leadi...