Amid the sluggish crypto economy, Emiliano Grodzki, the CEO of the leading Bitcoin mining firm Bitfarms, has stepped down. Grodzki, alongside Nicolas Bonta, co-founded Bitfarms in Canada in 2017. Although Grodzki would no longer function as CEO, he will remain in the company as a Director on the Board. Earlier this week, Bitcoin mining giant Core Scientific became insolvent despite receiving a $72 million loan offer from one of its creditors to avoid bankruptcy.