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Cathedra Bitcoin Reduces Two-thirds of its Payroll Due to The Bear Market


Cathedra Bitcoin, a Bitcoin mining company, has cut its employment by nearly two-thirds in an effort to counter market headwinds that have reduced the price of Bitcoin (BTC). According to the miner, their computers were up to 98% on average. The company had sold nearly all of its stock as of November 11, 2022.



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