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Tag: Restructures
Magic Eden Sacks 22 Employees As Company Restructures – Here’s Why
Many crypto firms are now restructuring to improve results after the 2022 crypto winter. For instance, Magic Eden and Coinbase laid off staff to cushion the effects of the crypto winter. Other firms t...
Bitcoin miner Greenidge lost $130M in 2022 Q4; restructures debt with NYDIG, B. Riley
Bitcoin (BTC) mining firm Greenidge said it lost about $130 million during the fourth quarter of 2022 while earning just $15 million, according to a Jan. 31 statement. The BTC miner was one of the sev...
Intel Restructures Graphics Chip Division To Win Market Share From Nvidia, AMD
Intel Corp (NASDAQ: INTC) split its graphics-chip organization to grab market share from Nvidia Corp (NASDAQ: NVDA) and Advanced Micro Devices Inc (NASDAQ: AMD). Raja Koduri, who led the Accelerated C...
Bitcoin Miner Terawulf Raises $10M in Fresh Capital to Pay Down Debt, Restructures Deal With Bitmain – Mining Bitcoin News
On Monday, Dec. 12, 2022, the Maryland-based bitcoin mining company Terawulf announced that the firm has raised $10 million in capital to pay down debts. The firm also said that it restructured a deal...
SushiSwap Restructures DAO To Avoid Legal Troubles
The restructuring of the SushiSwap protocol has created three separate DAOs that will be based in Panama and the Cayman Islands. SushiDAO Votes 100% For Restructuring The legal structuring proposed t...
Furnished Apartment-Rental Firm Landing Restructures, Lays Off 110 Employees
Landing founder Bill Smith in one of the company’s furnished apartments in Birmingham, Alabama. Jamel Toppin for Forbes Furnished apartment-rental startup Landing told employees today that it is restr...
New England Patriots’ Jonnu Smith Restructures Contract, Creating Reported $5 Million For 2022
Former Tennessee Titans tight end Jonnu Smith signed a four-year, $50 million contract with the New … [+] England Patriots in 2021. (Photo by Fred Kfoury III/Icon Sportswire via Getty Images) Ic...
Another crypto CEO steps down as Genesis Trading restructures leadership
Michael Moro, CEO of Digital Currency Group’s market maker and lending subsidiary Genesis Trading, has become the latest executive to step down from a leadership role at a crypto company amid the mark...
Bitcoin Miner Stronghold Digital Significantly Restructures Debt
“Collectively, the NYDIG, WhiteHawk, and Convertible Notes and Warrants restructurings (i) reduce principal amount outstanding by approximately $79 million (approximately 55% of total principal ...
Ford cuts 580 U.S. salaried, agency workers as it restructures for EVs
Ford CEO Jim Farley at the company’s Dearborn, Michigan, plant where it’s building the electric F-150 Lightning on April 26, 2022. CNBC | Michael Wayland DETROIT – Ford Motor is cutting 58...
Cboe Global Markets Restructures Its Leadership Team for Next Growth Phase
Cboe Global Markets Inc. (Cboe: CBOE) announced that it has restructured its leadership team for its next developmental stage of growth. Recently announced in a press release shared with Finance Magna...
Tradeweb Restructures its Board and Makes Changes to Its Executive Leadership
Tradeweb announced that it has restructured its Board and made changes to its executive leadership. Recently announced in a press release shared with Finance Magnates, Lee Olesky, who co-founded Trade...