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The Sun’s home for business news in the Central Valley.
Report: False designation for primate could block ability to test groundbreaking drugs
The endangered species status from one international organization is being contested over errors as it threatens critical, life-saving research.
June 15, 2023
Who was Bitwise Industries’ surprise whale? The family behind Walmart.
A Central Valley native and member of the extended Walton Family is not just a Director for the failed tech venture – the family's businesses are among Bitwise's largest investors.
June 15, 2023
Bitwise Industries officially terminates entire workforce
Interim President Ollen Douglass delivered the bad news to the 900 employees across the nation on Wednesday.
June 14, 2023
Bitwise dumped employees with no health coverage. Now, it’s demanding they retain corporate records.
The company's first message to employees did not address the lapse in health coverage. Instead, employees received a demand to keep records.
June 13, 2023
Lawsuit: Bitwise Industries’ loan scramble was part of “Ponzi scheme”
Hard money lenders who dealt $1.5 million to Bitwise Industries had to route their funds to the firm's subsidiary bagel company.
June 13, 2023
Tech entrepreneur files lawsuit claiming Bitwise Industries stole his company
Bitwise Industries took one entrepreneur on a wild ride that saw the tech business acquire his firm, then fire him from it, a lawsuit claims.
June 12, 2023
Fresno lender sues Bitwise, Soberal over fraudulent loan solicitation
The head of a local marketing firm alleges the failing tech firm and its ousted co-CEO defrauded him of a six figure sum via loan.
June 12, 2023
Ousted Bitwise CEO Soberal flips rental home acquired amid frantic collapse
The co-founder and ousted CEO of Bitwise Industries listed his second home for sale on the same day his firing was announced by the company.
June 8, 2023
Furloughed Bitwise employees file class action lawsuit against failed company
The lawsuit alleges, among other things, that Bitwise's misled employees regarding their furlough to avoid personal liability for failing to follow labor laws.
June 7, 2023
Who owned Bitwise Industries before its collapse? Here’s a look at the ownership roster, numbers.
Big banks, Valley farmers, hedge funders, and tech savants held shares in Bitwise Industries before its collapse.
June 10, 2023