Bitwise Industries' Board Terminates Co-CEOs Amid Financial Struggles
Bitwise Industries, a tech and commercial real estate company, has fired its co-CEOs, including a University of Toledo graduate, amid financial troubles that led to the furlough of its entire staff of 900 employees and suspension of operations. The company was in the final stages of renovating the former Jefferson Center in Toledo to be a place where it could train people to work in the tech industry. The future of the Jefferson Center project is now in limbo, and local officials are scrambling to figure out what's next.