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The Sun’s home for business news in the Central Valley.
Fresno landlord posts abandonment notices on three Bitwise buildings
Not even the tech firm’s flagship building was spared a pre-eviction notice.
June 2, 2023
Judge freezes Bitwise Industries assets, with one glaring exception
The failing Fresno tech incubator faces restrictions on its money and real estate moves after a lawsuit was filed on Wednesday.
June 1, 2023
Fresno officials tee off: ‘Bitwise has robbed the city’
In a bid to claw back grant funding to the collapsing tech venture, Fresno lawmakers fumed their frustration at Bitwise Industries and its leadership.
June 1, 2023
A tax snafu led to Bitwise Industries’ unraveling. It could lead to Federal criminal charges.
Bitwise Industries' chase for high-interest, short-term loans began by breaching a contract over tax credits, new emails show.
June 2, 2023
Dyer chides Bitwise for lack of furlough notice, failure to pay taxes
Fresno's Mayor is applying public pressure on the troubled tech firm to comply with state and Federal laws regarding its work stoppage and pay its taxes.
May 31, 2023
Judge axes criminal charges against PG&E in 2020 wildfire
PG&E still faces steep financial obligations tied to its role in the 2020 Zogg Fire despite avoiding criminal liability.
May 31, 2023
Investor sues Bitwise alleging unauthorized sale of properties, loans
A Texas investment firm financed nearly all of the cost of five buildings owned by Bitwise. Then Bitwise officials used the properties to secure loans and list them for sale, a lawsuit reads.
May 31, 2023
State Farm ends homeowner’s insurance policies in California
The insurance giant joins a host of other insurance companies pulling up stakes from offering policies to California homeowners.
May 30, 2023
Where is Bitwise Industries making its money? Internal docs shed light on business.
The booming (and now busting) Fresno tech start-up has often struggled to articulate exactly how it makes money. New documents acquired by The Sun shed light.
May 30, 2023
Bitwise Industries furloughs workforce. Questions arise over missing 401k money.
The tech incubator and co-working firm denied financial difficulties last week. Now, it's putting its employees on ice.
May 30, 2023