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CEO and CFO of Bitcoin Miner Compass Resigns

Compass Mining, a major U.S. mining company, resigned on June 28 from CEO Whit Gibbs and CFO Jodie Fisher, with Chief Technology Officer Paul Gosker and Chief Mining Officer Thomas Heller.

Compass Mining CEO and CFO resigned from the company due to “multiple setbacks and disappointments.”

Bitcoin Mining hardware and hosting company Compass Mining lost one of its Maine-based hosting facilities after owner Dynamics Mining terminated the hosting contract between the two, claiming it had not paid the necessary bills.

After this incident in the company, Compass Mining CEO Whitt Gibbs and CFO Jodie Fisher announced that they resigned from their duties.

The company stated ” multiple setbacks and disappointments” that stood in the way of its ultimate mission to ” make mining easy and accessible.” Company Mining announced that it had appointed Chief Technology Officer Paul Gosker and chief mining officer Thomas Heller as interim co-chairman and CEO following the resignation of its two major executives.

Meanwhile, the company board of directors announced that they are looking for people who will take permanent positions for these positions.

The statement made by the company included the following statements:

“Through this restructuring, the company is fully focused on regaining the goodwill of our stakeholders and the community and fulfilling our mission of providing best-in-class service to crypto mining companies of all sizes.”