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Bitmain Co-Founder’s Exit Resolves Years-Long Power Struggle as Mining Firm Preps IPO
26.1.2021
Bitmain co-founder Jihan Wu is stepping down from his role as part of his settlement with Micree Zhan
Legal Battle Between Bitmain Co-Founders Appears to End With Micree Zhan Taking Control of the Company
28.12.2020
The long-lasting legal battle between co-founders of China-based Bitmain seems to have seen the light at the end of the tunnel after both parties agreed to reach an agreement. Legal Tussle Between Bitmain Co-Founders Reportedly Ended With a $600 Million Compensation for Jihan Wu According...
Bitmain's 'hard fork' to end in $600M settlement in favor of Micree Zhan
22.12.2020
The year-long dispute between Bitmain co-founders appears to be at an end with a $600 million compensation on the table
Bitmain Delays Delivery of Bitcoin Miners by Three Months, as Co-Founders Battle for Company Control
7.8.2020
Bitmain has delayed shipments of its Antminer bitcoin mining machines by three months, as the tussle between co-founders, Jihan Wu and Micree Zhan Ketuan, for control of the company intensifies. According to a post on Bitmain’s official Wechat account, the Beijing-based bitcoin miner maker...
Leadership Feud at Bitmain: 10,000 Antminers Go Missing in Inner Mongolia
25.7.2020
Reports detail that 10,000 Antiminers have been allegedly stolen from a Bitmain facility in China. Sources say that the missing mining rigs concern the ongoing power struggle between Bitmain cofounders Jihan Wu and Micree Zhan. Back in mid-June news.Bitcoin.com reported on the power struggle...
Bitcoin ASIC Miner Manufacturing Domination: Bitmain and Microbt Battle for Top Positions
22.6.2020
On June 16, 2020, Bitmex researchers published a report that noted bitcoin mining rig manufacturers have consolidated a great deal and in the future, Bitmex researchers predict that “only 2 to 3 players will survive into the longer term.” There’s still a number of SHA256 mining...
Bitmain Co-Founder Offers Share Buyback at $4B Valuation to End Power Struggle
22.6.2020
The offer seems an apparent effort to bring about negotiations that could end the divisions that have been tearing the company apart
Bitmain’s Cofounder Accused of Hindering Next-Gen Bitcoin Mining Rig Shipments
14.6.2020
On June 11, 2020, regional reports disclosed that the cofounder of Bitmain, Micree Zhan, is still battling with Jihan Wu in an ongoing feud. The quarrel is allegedly causing shipment problems for customers, as reports note that Zhan is prohibiting deliveries stemming from the company’s...
Bitmain’s Feuding Co-Founders Are Fracturing the Firm and Staff Are Caught in the Middle
4.6.2020
Staff at bitcoin miner manufacturer Bitmain are being forced to choose between its two co-founders as a long-running feud over control of the firm worsens
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...
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