Rhodium
Enterprise transformation under pressure.
- The business problem
- A founder-led bitcoin data mining company facing liquidity pressure, ongoing litigation, high leverage against near-term debt obligations and operational underperformance while navigating significant leadership transition. Mining uptime had fallen to 68%. Performance had to improve while the capital structure was being resolved.
- The organizational constraint
- The organization wasn't equipped for what the business required next. Leadership gaps, fragmented accountability, an inefficient labor model, limited management infrastructure, and unclear ownership were constraining execution at a time when the company had very little margin for error.
- Intervention
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- Managed a CFO exit and CEO re-entry without losing operational continuity
- Rebuilt the operating model around the right leaders, roles, and structure
- Implemented headcount planning, forecasting, and human-capital cost modeling
- Reclassified 60% of the workforce to hourly, including compensation realignment, policy redesign, and system reconfiguration required to support the new labor model
- Redesigned performance management and incentives to market
- Built the governance, systems, and workflows a leaner company could actually run on
Business result
68%→90%+Uptime restored, recovering compressed hashrate and revenue. ~$549K of bloated legacy bonus liability unwound, and $500K+ in annual savings through benefits restructuring — inside six months. Mitigated an estimated $1M employment-law exposure.