🚨 BREAKING - SWAN

ANNOUNCEMENT - Swan is unlikely to continue with our Managed Mining business in the near term. Without the expectation of significant near-term revenue from our Managed Mining unit, we are pulling our plans to IPO in the near future.

Accordingly, Swan is pulling back from our accelerated spending plan for our core financial services business. Unfortunately, this includes staff cuts across many functions.

The Swans we've had to let go in our staff reduction this week are some of the best Bitcoiners on Earth, and I would gladly work with each and every one of them in the future. I will be doing my best to help them find new roles in Bitcoin, and I hope that if you have the opportunity to help similarly, you'll jump at the chance.

This is an incredible moment in time for Bitcoin, with real institutional adoption, an increasingly favorable regulatory and political environment, and the ranks of Bitcoiners swelling in number. At Swan we remain ready to serve you with an array of Bitcoin financial services and free Bitcoin education.

See you on the battlefield. #TeamBitcoin