Compass Mining denies allegations of $1.2M unpaid electricity bill, CEO, CFO resign
Compass mining, a hosting company that provides managed mining services to Bitcoin (BTC) miners, publication Both the CEO and CFO have resigned.
The company said it had experienced “multiple setbacks and disappointments” that undermined its mission. Compass said in a statement that ongoing restructuring would help regain the trust of shareholders and users.
To that end, the company has appointed CTO Paul Gosker and Chief Technology Officer Thomas Heller as interim CEOs to lead Compass throughout the transition.
The day after announcing his resignation, the compass was also publicly announced. Rejected Allegations that they did not pay $ 1.2 million in electricity to Dynamics Mining, a subcontractor operating a mining facility in Maine.Earlier this week, Dynamics Mining released a notice indicating that they have finished the two. Facility hosting contract In Maine, “because we neglected to pay the electricity bill.”
The accusations sparked community-wide debate about the solvency of compasses and questioned whether the miners who hosted the ASIC machines at Dynamics could get them back.
However, Compass denied allegations that it called the company’s statement on social media “totally wrong,” adding:
“Many of Dynamics’ statements about social media are completely incorrect, lacking factual support, and causing further damage to Compass.”
The compass pointed out that Dynamics had fulfilled all its obligations to Dynamics and said that Dynamics seemed to “misunderstand” the obligations defined in the contract.
The compass is trying to solve the problem personally with dynamics, but has already filed a lawsuit against the subcontractor, including a request for immediate relief to protect the customer and their interests.
