Bitmain

Bitmain is a manufacturer of cryptocurrency mining hardware and equipment, known for products like the ALPH Miner.

CCI Score

-48.36

0.03% April 18

Latest Event

Bitmain Halts Employee Salaries

Bitmain has halted salary payouts for its employees amid ongoing financial difficulties, raising significant concerns over the company's labor practices and treatment of its workforce.

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QUISLING

Bitmain is currently rated as a Quisling.

-44 to -59 CCI Score

These companies are fully aligned with authoritarian regimes. They not only support but also enforce oppressive policies, playing a significant role in the regime’s operational apparatus and contributing directly to its consolidation of power.

Latest Events

OCT

11

2023

Bitmain Halts Employee Salaries
-68.70

Bitmain has halted salary payouts for its employees amid ongoing financial difficulties, raising significant concerns over the company's labor practices and treatment of its workforce.
-80

Labor Relations and Human Rights Practices

March 31

The decision to suspend employee salaries directly undermines fair labor practices and worker rights. This action, driven by financial strife, negatively impacts employees and signals a disregard for ethical business practices in labor relations.

Bitmain Halts Employee Salaries Amid Financial Woes, Report
OCT

10

2023

Bitmain Halts Payments to Employees Amid Financial Crisis
-68.69

Bitmain, one of the world's largest cryptocurrency mining hardware manufacturers, has halted salary payouts and staff bonuses and is considering a 50% wage cut due to ongoing financial challenges, severely impacting worker livelihoods.
-80

Labor Relations and Human Rights Practices

March 31

The decision to stop salary payments, suspend bonuses, and consider a 50% wage cut constitutes a serious disregard for labor rights. These actions undermine worker security and reflect exploitative practices during a financial crisis, posing significant concerns for human rights and fair labor practices.

Bitcoin-Mining Chipmaker Bitmain Halts Payments to Employees
OCT

10

2023

Bitmain Furloughs Staff Amid Financial Woes
-34.34

Beijing-based Bitmain, the world's largest supplier of ASIC miners, has reportedly furloughed staff due to disappointing sales and insufficient cashflow recovery in September, raising serious concerns regarding the treatment and security of its workforce.
-40

Labor Relations and Human Rights Practices

March 31

Bitmain's decision to furlough staff as a response to poor sales and cashflow issues is detrimental to workers’ rights and job security. This cost-cutting measure, while financially motivated, adversely affects employee stability and reflects negatively on the company's commitment to fair labor practices.

China's top crypto-hardware-maker reportedly furloughs staff
OCT

09

2023

Bitmain Suspends Employee Salaries Amid Financial Hardship
-68.67

Bitmain has suspended both basic and performance-based wages for its employees amid ongoing financial difficulties. This decision, which includes a 50% reduction in base salaries and delayed bonuses, highlights the company's struggles and exacerbates economic hardships for its workforce.
-80

Labor Relations and Human Rights Practices

March 31

The suspension of salaries, affecting both base and performance pay, places employees in a vulnerable position and undermines fair labor practices. This decision reflects poor labor relations and exposes workers to heightened financial instability during a turbulent period for the company.

Bitmain Freezes Employee Salaries Amidst Financial Turmoil
OCT

01

2023

US Customs Blocks Bitmain Shipments Over Supply Chain Concerns
-34.26

U.S. Customs and Border Protection halted shipments of Bitmain's Antminer models due to concerns that chip components supplied by Sophgo—linked to sanctions violations involving Huawei—undermine ethical sourcing. The blockage has disrupted the crypto mining industry amid heightened U.S.-China tensions.
-40

Supply Chain Ethics

March 31

Bitmain's use of chips from a supplier under investigation for potential sanctions violations reveals a critical lapse in supply chain ethics. By not ensuring fully compliant sourcing practices, the company has indirectly contributed to regulatory scrutiny amid U.S.-China tensions, which has led to the blocking of its shipments.

US Ports Block Chinese Bitcoin Mining Machines From Bitmain
DEC

09

2020

Bitmain US Production Expansion Aligns with Nationalist Policy
-15.52

Bitmain announced the expansion of its Bitcoin mining hardware production to the United States on December 9, as part of a strategic move to improve supply chain efficiency amid escalating US-China trade tensions. This expansion coincides with U.S. President-Elect Donald Trump’s nationalist ambition to make America a hub for Bitcoin mining, raising concerns about alignment with authoritarian economic policies.
-15

Economic and Structural Influence

March 31

The move to enhance supply chain efficiency in the US is strategically designed to navigate current trade restrictions and capitalize on the domestic market. This decision, while economically motivated, also indirectly supports the administration's protectionist policies, contributing to structural shifts that favor an authoritarian model of economic nationalism.

Bitmain Expands Bitcoin Mining Hardware Production to the US
-30

Public and Political Behavior

March 31

Bitmain’s decision to expand production in the US aligns its operations with the nationalist rhetoric promoted by President-Elect Trump. By syncing its strategy with a political agenda that favors authoritarian economic nationalism, the company risks being seen as complicit in supporting policies that consolidate power and undermine progressive reforms.

Bitmain Expands Bitcoin Mining Hardware Production to the US