Com Mining CEO 5a6g6z CFO Step Down Amid Allegations of Failing to Pay Bills in Maine Hub

The company has appointed Chief Technology Officer Paul Gosker and Chief Mining Officer Thomas Heller as temporary co-presidents and CEOs of the firm. 3g732m

By Radhika Parashar | Updated: 29 June 2022 17:34 IST

Com Mining CEO, CFO Step Down Amid Allegations of Failing to Pay Bills in Maine Hub

Photo Credit: Unsplash/ Kanchanara 182c5h

Com Mining has begun scouting for its new CEO and CFO

Highlights

Com Mining are serving as co-presidents and CEOs
The firm is aiming to build ‘goodwill’ in the market
Com Mining is facing allegations of non-payment of bills in Maine

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Com Mining, a Bitcoin hardware mining company, is in the process of restructuring its corporate functioning in the face of the ongoing crypto slump. Whitney Gibbs and Jodie Fisher, the respective chief executive officer (CEO) and chief financial officer (CFO) of Com Mining have submitted resignations from their posts. The development comes at a time when the company is facing allegations of not clearing utility bills at a facility in Maine, US. That facility is owned by Dynamics Mining.

With immediate effect, the company has appointed Chief Technology Officer Paul Gosker and Chief Mining Officer Thomas Heller as temporary co-presidents and CEOs to head Com Mining for the time being.

The Board of the company will begin seeking permanent hirings for the high-profile CEO and CFO positions.

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“We recognise that there have been multiple setbacks and disappointments that have detracted from that objective. Through this restructuring, the company is wholly focused on regaining the goodwill of our stakeholders and the community. These changes are being implemented to achieve the next level of growth for Com Mining,” the company wrote in a blog post.

Launched two years ago in 2020, Com Mining provides Bitcoin-first, proof-of-work (PoW) mining hardware and hosting services.

The company also offers procurement, deployment of mining machines, and resale for institutional as well as retail clients.

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Earlier this month, Dynamics Mining posted a tweet accusing Com Mining of not paying power consumption charges in the Maine facilities. PoW mining is infamous for using boat-loads of electricity.

"All you had to [do] was pay $250,000 (roughly Rs. 2 crore) for three months of power consumption," the Dynamics team added.

Effective June 14th @com_mining facility hosting agreement in Maine was terminated by @dynamics2k for failure to pay power consumption charges. 6 late payment and 3 non payments. @MiningScandals pic.twitter.com/cSfnWMmqTY
— DynamicsMining (@DynamicsMining) June 27, 2022

@com_mining all you had to was pay $250k for 3 months of power consumption. Since you don't give your clients their Serial Numbers I couldn't even help them. Twitter is the voice of your customer base, not the courtroom. :v::skin-tone-5: https://t.co/BihbrpuAmk
— DynamicsMining (@DynamicsMining) June 27, 2022

For now, a statement from Com Mining remains awaited in the matter.

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Further reading: Crypto Mining

Radhika Parashar

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Radhika Parashar is a senior correspondent for Gadgets 360. She has been reporting on tech and telecom for the last three years now and will be focussing on writing about all things crypto. Besides this, she is a major sitcom nerd and often replies in Chandler Bing and Michael Scott references. For tips or queries you could reach out to her at [email protected]. More