Bitcoin mining equipment and services provider Compass Mining has announced the resignations of CEO Whitt Gibbs and CFO Jody Fisher.

“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 for miners of all sizes.”https://t.co /wWcTcz8m9y

— Compass Mining 🧭 (@compass_mining) 28 June 2022

“Compass Mining was created to make mining easy and affordable. We acknowledge that there have been many setbacks and disappointments that have strayed away from this goal.

Supplier representatives stressed that the restructuring will allow Compass Mining to “focus entirely” on fulfilling its “mission to provide best-in-class services to miners.”

The Board of Directors has appointed CTO Paul Gosker and Head of Mining Thomas Heller as interim co-chairman and CEO.

Previously, hosting provider Dynamics Mining terminated its contract with Compass Mining due to unpaid invoices for a facility in Maine.

According to CoinDesk, the seller closed his Discord channel on June 24. According to some users, Compass Mining took this step to prevent them from sharing information and complaints.

we all like @discord channel @compass_mining. leave it alone! #Bitcoin pic.twitter.com/rTYDJZpXpG

– Eddie (@eomar2828) 24 June 2022

Gibbs, who was CEO at the time, told the publication that the company is “having trouble communicating with its customers” and that the Discord solution is aimed at improving workflow.

“A lot of things are very poorly managed and run, which gives people the impression that they are suspicious,” a former Compass Mining employee who wanted to remain anonymous told CoinDesk.

In 2021, Gibbs announced that JPMorgan Chase had closed the company’s accounts. According to him, this did not affect further work.

The provider launched the solution for mining the first cryptocurrency at home in September.

Recall that in April 2022, Compass Mining began to look for buyers for equipment located in the Russian Federation after the US sanctions on BitRiver.

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