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The high-profile Fresno company that once championed itself as a hub for technology education and innovation collapsed on May 29, 2023, after going broke. About 900 people lost their jobs.
Bitwise Industries was an American company focused on computer programming instruction, technology sales, and real estate operations. Founded in 2013 by Irma Olguin Jr. and Jake Soberal in Fresno , the company grew to have campuses in additional cities before furloughing its workforce and terminating the co-CEOs in June 2023.
“I wouldn’t be a bit surprised if there wasn’t some kind of federal criminal investigation that follows as well,” Fresno Mayor Jerry Dyer said.
1723 18th Street LLC: Real estate holding company, organized 2022. BITWISEBKF LLC: Technology company, organized 2019, terminated 2023. Bitwise Coworking LLC: Shared working environments ...
The company operates from an office in Bengaluru’s Ibbaluru, Bellandur area. [4] [8] In August 2023, it was announced Navi Group had sold Chaitanya Microfinance to the Mumbai-headquartered microfinance company, Svatantra Microfin for $178.5 million.[30] On 12 March 2022 Navi filed a draft for an INR 3350 crore IPO. [9]
A federal bankruptcy judge has approved the terms of a $20 million settlement that will benefit former Bitwise Industries employees who abruptly lost their jobs when the Fresno-based technology ...
Bitwise’s brand was prominently displayed on many of its properties, but what was less known publicly is that most of the company’s California real estate was not wholly owned by the company.
If convicted, authorities reported that Jake Soberal and Irma Olguin could each face a maximum penalty of 20 years in prison and a $250,000 fine, depending on what a judge ultimately determines.