22.07.2025 11:58

Mawson Infrastructure, a prominent player in Bitcoin mining and colocation services, abruptly dismissed its CEO and President, Rahul Mewawalla. The termination, described as "for cause," stemmed from serious allegations of fraudulent activity and a significant breach of his fiduciary responsibilities. This decisive action sent shockwaves through the cryptocurrency mining industry.

News of Mewawalla's dismissal broke via Theminermag, a respected trade publication covering the institutional Bitcoin mining sector. Theminermag reported that the accusations against Mewawalla involve a pattern of unethical conduct and potential financial impropriety that violated the company's trust and jeopardized its stability. Details regarding the specific nature of the alleged fraud remain scarce, pending further investigation.

The swift and decisive action taken by Mawson Infrastructure underscores the gravity of the accusations levelled against their former CEO. This event highlights the critical importance of ethical leadership and robust corporate governance within the volatile and rapidly evolving landscape of the cryptocurrency mining industry. The consequences for Mawson, and indeed the wider industry, will likely unfold over the coming weeks and months as investigations continue and legal ramifications are explored. Further information will undoubtedly surface from internet sources as the story develops.