KncMiner Cuts Of 20% Of Employees

Swedish sources are reporting the KncMiner has let go of 12 employees comprising 20% of their workforce (archived). CEO Sam Cole among other things blames the inability of operations in the Nordic country to compete with Chinese mining firms. Several days ago there was a stabbing reported at a datacenter associated with KncMiner. This new development suggests the pressures of working for a deeply struggling company contributed to the recent outbreak of violence.

Update: KncMiner is also one of the many mining operations listed to this day as supporting the ClassicCoin fork (along with Bitfury, which led the backpedalling effort after it became obvious Classiccoin does not have nor can acquire the support of key players in the market.)

Update 2: This struggling concern is now producing blocks containing votes for the doomed ClassicCoin fork.

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