Bitmain has now paid its employee wages for September after delays due to cash flow issues, according to local media reports.
Bitmain, the world’s largest Bitcoin mining manufacturer, has now made up its delayed staff wage payments for September, according to local media reports yesterday.
“Given the current state, especially with our mining progress not matching our standards, the executive management team has chosen to pause partial September wage payments,” Bitmain reportedly wrote in the note. “We anticipate resuming these after the Oct. 7 holiday, contingent on prevailing circumstances. It’s imperative for supervisors and team members to work towards achieving our objectives.”
“On the afternoon of Oct. 7, Bitmain has repaid September wages, and stated that it only did not pay the performance salary of some people. It has also been repaid, and the basic salary has been released normally on Sept. 30,” Wu later updated.Bitmain launched its latest Antminer S21 Bitcoin mining machine at the World Digital Mining Summit last month. It also announced plans to invest $54 million in the bankrupt Bitcoin mining firm Core Scientific on Sept. 22.
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