Bitcoin mining company Mawson fires CEO and files lawsuit, accusing him of fraud and negligence

Bit mining company Mawson Infrastructure has fired CEO Rahul Mewawalla, alleging fraud and breach of fiduciary duty, and has filed a lawsuit in the Delaware court of the United States. Mewawalla previously received a $2.5 million bonus, 1.2 million restricted stock shares, and a salary increase. He denied the allegations in a letter, stating that the company had publicly commended his performance earlier this year, including significant revenue and gross profit growth. Prior to this controversy, Mawson had been sued for allegedly illegally possessing NYDIG mining machines worth $30 million. (TheMinerMag)