Compass Mining CEO and CFO resign as company cites 'multiple setbacks and disappointments'

Quick Take

  • The CEO and CFO of Bitcoin Miner Compass Mining have resigned.
  • The company said in a statement that there have been “multiple setbacks and disappointments.”

Compass Mining CEO Whit Gibbs and CFO Jodie Fisher have resigned from their positions.

The company addressed "multiple setbacks and disappointments" getting in the way of its ultimate mission to "make mining easy and accessible," in a statement on Tuesday.

Compass has appointed chief technology officer Paul Gosker and chief mining officer Thomas Heller as interim co-presidents and CEOs.

Meanwhile, the board will be looking for people to fill those positions on a permanent basis..

THE SCOOP

Keep up with the latest news, trends, charts and views on crypto and DeFi with a new biweekly newsletter from The Block's Frank Chaparro

By signing-up you agree to our Terms of Service and Privacy Policy
By signing-up you agree to our Terms of Service and Privacy Policy

"Through this restructuring, the company is wholly focused on regaining the goodwill of our stakeholders and the community, as well as delivering on our mission of providing best-in-class service for miners of all sizes," the company said in a statement.

Compass Mining hosts mining machines from individual clients in facilities across the US and Canada.


© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.