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Bitmain Cofounder Allegedly Expelled – Could Face Litigation for Operation Interference
27.5.2020
One of the largest ASIC mining manufacturers worldwide, Bitmain, has allegedly ousted cofounder Micree Zhan. Regional reports note that he’s been threatened with litigation if he interferes with company operations. According to two local announcements written in Chinese, Bitmain has warned...
Internal Struggle at Bitcoin Mining Giant Bitmain Escalates to Physical Confrontation
8.5.2020
After Micree Ketuan Zhan, the exiled co-founder of Bitmain, moved to reinstate his position after another partial legal victory over his former employer, tensions reportedly escalated into a physical brawl
Bitmain Calls Ex Co-Founder’s Claims of Holding 36% Equity Baseless
27.4.2020
Bitmain’s latest statement condemns ex co-founders claims of holding 36% equity in Fujian Zhanhua
Bitcoin Cash Halving Results in Miner Exodus and Profitability Decline
9.4.2020
Bitcoin Cash sees its first halving since the hard fork from BTC dented by hash rate decline due to miner exodus — but proponents remain upbeat
‘Bull Run May Not Come Immediately After Bitcoin Halving,’ Says Bitmain’s Jihan Wu
28.3.2020
Bitmain cofounder Jihan Wu’s recent interview discusses some of his predictions concerning the future of bitcoin, mining, the bitcoin halving, and the cryptoconomy. Despite the coronavirus outbreak and its effect on the global economy, Wu is optimistic and he believes the modern central...
Bitmain Spin-Off Matrixport Seeks $300M Valuation in Latest Funding Round
4.3.2020
Matrixport began pitching investors a few weeks ago with the aim of raising $40 million
Bitcoin Rich: 6 Crypto Entrepreneurs Make the 2020 Hurun Billionaire List
26.2.2020
On Wednesday, the “Hurun Global Rich List,” a ranking of the wealthiest individuals, published its 2020 report that notes the world saw 346 new billionaires last year. This year’s list also includes six blockchain entrepreneurs who made the Hurun Global Rich List through...
Cryptoverse Stunned as Jihan Wu, Roger Ver Sign a Threat to Bitcoin Cash Miners
23.1.2020
As a group of mining pools announced their infrastructure funding plan for Bitcoin Cash (BCH), the crypto industry players are discussing if this is a dictatorial move, if it's a soft work, and to how many more forks it may lead.
Jiang Zhuoer, CEO of one of the largest mining pools on Bitcoin Cash...
Bitcoin Cash Miners Plan $6M Development Fund by Leveraging Block Rewards
22.1.2020
A group of Bitcoin Cash mining pool operations have decided to help fund BCH infrastructure development. On January 22, Btc.top founder Jiang Zhuoer revealed that five mining pools are preparing a short-term developers donation plan. Miners from Btc.top, Bitcoin.com, Viabtc, Antpool, and Btc.com...
How Was It Possible for Bitmain to Oust Its Largest Shareholder Overnight?
20.1.2020
Corporate documents reveal new details about the ouster of Bitmain co-founder Ketuan "Micree" Zhan
Bitmain Responds to Layoff Rumors From Ousted Co-Founder Zahn
7.1.2020
Ousted Bitmain co-founder Micree Zahn took to Weibo on Monday to speak out against a reported Bitmain “personnel optimization plan” which could purportedly see around 500 Bitmain workers dismissed by January 17. Chinese media broke the story last week citing inside sources at...
Ousted Co-Founder of Crypto Mining Firm Bitmain Opposes Layoffs
6.1.2020
Bitmain’s co-founder and biggest shareholder claims he is “firmly opposed to layoffs” at the firm after being ousted by current CEO Jihan Wu
Ousted Bitmain CEO Makes Legal Move to Dethrone Jihan Wu
5.1.2020
In December, Micree Zhan Ketuan, the ousted co-founder of the world's largest producer of Bitcoin mining equipment, Bitmain, reportedly asked a Cayman Islands court to reverse a shareholder decision that cost him voting control of the crypto-miner.
Shareholders voted then to convert Bitmain’s Class...
Ride ‘Em, Cowboy: Bitmain’s Marketing Gambit Ups Its Texas-Sized Position on Bitcoin
12.12.2019
Bitmain's new strategy of giving put options on bitcoin to buyers of its miners amounts to a "Texas hedge": doubling down on risk, not offsetting it
Bitcoin Mining Operations Offer New Strategies Before Reward Reduction
10.12.2019
As the reward halving approaches, bitcoin miners are preparing new strategies so customers can reap the most profits from their hashrate services. On December 3, the mining operation Poolin introduced a hashrate auto-switch feature so clients can automatically switch between BTC and BCH mining....
Bitmain-Backed Cryptocurrency Startup Matrixport to Open Zurich Office
26.11.2019
Matrixport, a Singapore-based crypto startup launched by former Bitmain CEO Jihan Wu, will open a new office in Zurich
Micree Zhan Claims He Was Removed From Bitmain Without Consent
7.11.2019
Micree Zhan, a co-founder of Bitmain, claims he was ousted from the firm without his consent and will return
Mining Giant Bitmain Confidentially Files for U.S.-Based IPO
30.10.2019
According to reports, bitcoin mining manufacturer Bitmain Technologies confidentially filed for a U.S.-based initial public offering (IPO) with the Securities and Exchange Commission. The news follows the alleged removal of cofounder and executive director Micree Zhan and the recent announcement...
Bitmain CEO Ousts Co-Founder, Biggest Shareholder to ‘Save the Ship’
29.10.2019
Jihan Wu to Bitmain staff: Shun Micree Ketuan Zhan or face the axe
Bitmain’s Jihan Wu Talks Mining and Industry Growth With Bitcoin.com’s CEO
21.10.2019
At the World Digital Mining Summit in Frankfurt, Germany, Bitcoin.com’s CEO Stefan Rust sat down with Jihan Wu, cofounder of Bitmain Technologies and Matrixport. The two discussed how cryptocurrencies being used for payments is spreading and how Bitmain is doing after the bear market last...