Bitcoin mining company Mawson has fired its CEO, accusing him of fraud and breach of fiduciary duty

【Bitcoin mining company Mawson has fired its CEO, accusing him of fraud and breach of fiduciary duty】According to Golden Finance, as reported by The Miner Mag, Bitcoin mining and hosting company Mawson Infrastructure has fired CEO and President Rahul Mewawalla and revoked his board position due to breaches of fiduciary duty and fraudulent conduct. Mawson has filed a lawsuit in the Delaware Chancery Court seeking damages. Mewawalla had previously received a $2.5 million bonus and 1.2 million shares of restricted stock for 'high performance,' with his annual salary rising to $1.2 million. In his response, he denied any wrongdoing, emphasizing that under his leadership, the company's revenue grew by 36% and gross profit increased by 35%. Additionally, Mawson has recently been involved in lawsuits with NYDIG and its parent company Stone Ridge, related to custody disputes involving over 20,000 mining machines worth $30 million.