Bitcoin Miner Mawson Fires CEO, Files Fraud Lawsuit – What’s Going On?
Main Idea
Bitcoin miner Mawson Infrastructure has fired its CEO Rahul Mewawalla and filed a fraud lawsuit against him, marking the company's second major legal dispute this year.
Key Points
1. Mawson Infrastructure's board placed CEO Rahul Mewawalla on administrative leave on May 30 and terminated him by July 8, revoking his board seat.
2. The company filed a lawsuit against Mewawalla in Delaware, though the details of the lawsuit have not been made public.
3. Mawson had previously awarded Mewawalla a $2.5 million cash bonus in February, citing his 'high-performing' leadership.
4. Mewawalla disputed the accusations in a July 17 letter, disagreeing with the company's account and referencing prior board filings.
5. This is Mawson's second legal dispute in 2025, following a March lawsuit by NYDIG's parent company over control of 20,000 ASIC miners worth $30 million.
Description
Key Takeaways: Mewawalla’s dismissal follows broader scrutiny of executive pay practices in crypto infrastructure firms. The lawsuit marks Mawson’s second major legal dispute in 2025, both linked to operational asset control. Canaan’s ongoing expansion at Mawson’s site continues despite parallel litigation. Bitcoin miner Mawson Infrastructure has fired its CEO and President, Rahul Mewawalla, for cause, accusing him of breaching fiduciary duties and engaging in fraud. According to TheMinerMag , t...
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