CoinVoice has learned that, according to The Miner Mag, Bitcoin mining and hosting company Mawson Infrastructure has fired CEO and President Rahul Mewawalla and revoked his board seat due to violations of fiduciary duties and fraudulent behavior. Mawson has filed a lawsuit in the Delaware Chancery Court seeking damages.
Mewawalla 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 response, he denied any wrongdoing and emphasized that under his leadership, the company's revenue grew by 36% and gross profit increased by 35%.
Additionally, Mawson is recently involved in a lawsuit with NYDIG and its parent company Stone Ridge regarding custody disputes, involving over 20,000 mining machines worth $30 million. [Original link]
