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Bitcoin mining company Mawson has fired its CEO for alleged fraud and misconduct

By: odaily.com|2025/07/22 06:21:48

Odaily News According to The Miner Mag, Bitcoin mining company Mawson has fired CEO Rahul Mewawalla for breach of fiduciary duty and suspected fraud, and has filed a lawsuit in the Delaware court in the United States. Rahul Mewawalla then said in a letter to the board of directors on July 17 that he respectfully but firmly disagreed with the companys description of events, noting that the board had publicly praised his leadership earlier this year. Previously, Mawson was sued by NYDIGs parent company Stone Ridge and its subsidiary Consensus Colocation, accusing it of unauthorized control of $30 million worth of ASIC mining machines owned by NYDIG.

LD Capital Founder Jack Yi: ETH's next key resistance is at $4000, facing significant sell pressure

Capital B raises approximately €10.3 million to advance Bitcoin Treasury strategy