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Tag: Bitwise Fresno

Fresno leases Bitwise building

With Bitwise’s founders having faced justice last month, Fresno has finally found what to do with Bitwise’s “building”, The State Center Warehouse located on R Street north of Ventura Street. It had been renovated extensively for Bitwise’s use, but the building itself had never been occupied yet, and never will be by Bitwise. Now the Fresno City Council will be leasing the second floor for the next 7 years for about 8.7 million. With over 37,000 square feet and existing furnishings, the facility is expected to house over 100 employees in relation for the department in charge of major construction projects for the city.

Source: Fresno Bee

Bitwise? Bitwhat?

Ah, bitwise, the :tech company” many have no clue what they do, other than buy buildings and pay people, until now. As you may have heard, Bitwise collapsed quite recently, and without huge drama. One of the biggest issues is that Bitwise not only has hundreds of people out of a job, but didn’t even pay its employees the last round of paychecks. There is certainly much shady actions the company has done, but I leave that up for you to read. Most recently, Fresno has (obviously) cut ties with Bitwise officially, which allows for the city to get back half a million dollars (Fresno had awarded $1 million of American Rescue Plan funds to Bitwise last year in October).

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