The Board of Directors of the Mawson Infrastructure Group has moved quickly this summer, cutting relations with its leader amid serious claims. On May 30, the company has developed the CEO Rahul MEWAWALLA.a reason“Under his contract.
A few days later, it was placed on an administrative leave. Then, on July 8, the seat of its board of directors was transferred The lawsuit has been filed In the Cansiri Court in Delaware.
The lawsuit accuses him of fraud and violating the duty while at the head of the Bitcoin mines listed in Nasdak.
Main rewards and sudden repercussions
According to reports, just months before his overthrow, Mewawalla received $ 2.5 million of cash rewards and 1.2 million restricted units.
His basic salary was also raised to $ 1.2 million. At that time, Mousson praised his leadership, noting 36 % revenue growth, 35 % jumped in total profits and reduced SG & A expenses during his term.
Now, these same achievements stand alongside allegations that he misused his role and harmed the shareholders.
#Bitcoin Mine Mawson Fires CEO, file fraud suit – what is happening?
The repercussions of Muson’s leadership add to concerns about the criteria of governance in #Crypto Mining, where legal accountability remains a major error line.$ BTC pic.twitter.com/nkmq1zlw5r
Cryptopus (IMCRYPTOPUS) July 22, 2025
The names of the Board of Directors, the temporary CEO
Kaliste Saloom, the company’s general advisor, was chosen as a temporary CEO of Bitco Mining Company after Micoalla on vacation.
Saloom faces the task of guiding the company through what could be a long legal battle. Based on the reports, the Board of Directors seeks to recover the damage it says stems from the behavior of Mewawalla.
At the same time, he pushed back. In a letter on July 17, he denied “respect and strongly” committing any violations and pointed to the previous public praise in the council for its results.
Continuous mining workers’ conflict adds pressure
This battle comes as Muson is already intertwined in another suit. Stone Ridge, who owns NYDIG, has accused Mousson of controlling more than 20,000 ASIC miners at a value of about $ 30 million.
The two sides had a royal deal starting in December 2023, which is scheduled to end by March 2025. But the differences over the fees became ugly. Mawson sent bills of $ 1.9 million to space and energy.
Stone Ridge said that there is a deal to reduce energy use in the last month and doubt those bills. Mawson then changed the payment title for miners and preventing access to Stone Ridge, pointing to the condition of a contract that the other side says does not apply.
Investors will closely monitor both cases. If the council can prove its claims in court, Mawson may return millions and send a message about accountability.
Distinctive image from Unsplash, tradingvief chart
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