Sources: Bitmain's operating cash flow in September has not yet turned positive, and the payment of part of the September salary has been postponed

2023-10-08 14:06:19
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ChainCatcher news, according to Odaily Planet Daily, regarding today's heated discussion in the community about "Bitmain delaying the payment of part of the September salary for all employees," an insider has confirmed the authenticity of this news to Odaily Planet Daily. At the same time, the insider stated that although the announcement mentioned that payments would be made after October 7 depending on the situation, no notifications have been received so far.

Another insider revealed that Bitmain's total budget for the mining conference held in Hong Kong last month was approximately $5 million, stating, "It's not that there is no money, but having money and being stingy are two different things."

Internal emails from Bitmain show that the company's operating cash flow in September has not yet turned positive, especially with the mining progress severely below standard. The EMT has decided to postpone the payment of part of the September salary for all employees, with payments to be made after the October 7 holiday depending on the situation.

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