Bitwise Industries co-founders and co-CEOS Jake Soberal, left, and Irma Olguin Jr. announce the company’s expansion into new cities in Colorado, New Mexico, New York, Texas and Wyoming in a ...

The news of Bitwise furloughing its entire work force — 300 in Fresno, 600 more in various offices across the country — broke on Memorial Day. The rapid fall of Fresno’s high-tech darling ...