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

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According to Foresight News and The Miner Mag, Bitcoin mining company Mawson has fired CEO Rahul Mewawalla for breaching fiduciary duties and alleged fraud, and has filed a lawsuit in the Delaware State Court. In a letter to the board on July 17, Rahul Mewawalla stated that he "respectfully but firmly" opposes the company's description of the events and pointed out that the board had publicly praised his leadership earlier this year.

Previously, Mawson was sued by NYDIG's parent company Stone Ridge and its subsidiary Consensus Colocation, alleging unauthorized control of ASIC mining machines worth $30 million owned by NYDIG.

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