Bitcoin mining company Mawson has fired its CEO for alleged fraud and misconduct

Deep Tide TechFlow News, July 22, reported by The Miner Mag, Bitcoin mining company Mawson has fired CEO Rahul Mewawalla for breach of fiduciary duty and alleged fraud, and has filed a lawsuit in a Delaware court in the United States. Rahul Mewawalla subsequently stated in a letter to the board on July 17 that he 'respects but firmly' opposes the company's description of the events, pointing out that the board had publicly praised his leadership earlier this year. Previously, Mawson had been sued by NYDIG's parent company Stone Ridge and its subsidiary Consensus Colocation, accusing it of unauthorized control over ASIC mining machines valued at $30 million owned by NYDIG.