Bitmain Struggle Heats up as the Two Battling for Control of Mining Farms and Antminers Inside

Jul 23, 2020

The drawn-out power struggle inside bitcoin mining giant Bitmain is getting nastier, as an announcement made earlier today by the Antminer sales team indicated. According to the announcement published on the WeChat account of Antminer pre-sale, about 10,000 Antminers in one of Bitmain’s...

What on Earth Happened at Bitmain? Feud, Coup, Spat, Physical Fight and More

Jun 5, 2020

The power struggle inside the bitcoin mining giant Bitmain has once again intensified over these days, as the previously ousted co-founder Micree Ketuan Zhan on Wednesday led a team of guards “break into” Bitmain’s Beijing office to claim his return. Apart from resorting to the use of...

Bitmain Drama Continues with the Company’s Business License Robbed and Jihan Calling Micree Bullshit

May 8, 2020

Bitcoin mining giant Bitmain's power struggle has been intensified as previously ousted co-founder Ketuan Zhan was mobbed when he was authorized to get the company’s business license. On Friday morning, the ousted co-founder of Bitmain, Micree Ketuan Zhan, was reportedly surrounded by...

Jihan Wu on Bitcoin Cash Halving: the Key for Successful BCH Lies in Building a Booming Ecosystem

Apr 9, 2020

Bitcoin Cash (BCH), the world’s fifth-largest cryptocurrency and bitcoin’s most famous offshoot, has undergone its first halving, in which the mining reward of the bitcoin cash network has been cut in half to 6.25 BCH from 12.5 per block. On April 8, 2020, the first halving for bitcoi...

Bitmain Launches Three Strategies to Lower the Entry Barrier for Miner Buyers

Dec 9, 2019

Bitmain’s Jihan Wu launches three strategies of "installment payment", "option hedging" and "joint mining" to lower the threshold for buyers. Speaking at annual customer appreciation meeting, Jihan Wu, CEO of Chinese crypto miner manufacturer Bitmain are trying to teach crypto miners ...

Micree Zhan Withdrew from Bitmain’s AI Subsidiary, Things after Jihan Wu Took over the Leadership

Nov 29, 2019

After being removed from the position executive director of Bitmain’s AI subsidiary, Micree Zhan now withdraws from the position of the manager of the company. At present, there are still over 30 companies registered in the name of Micree Zhan, 6 of which are located in Fujian province, a...

Did Micree Zhan embezzle Bitmain’s Property? Jihan Wu Rails Against

Nov 4, 2019

Earlier, it was rumored that Bitmain’s Micree Zhan embezzled the company’s property for his own sake among Chinese media. On November 1st, Jihan Wu denied the rumor on WeChat as Wu thought the media were hyping it up. Last month, a Chinese media said that Jihan Wu might find e...

Chinese Bitcoin Mining Giant Bitmain Has Secretly Filed IPO in the U.S. Amid its Power Clash

Oct 30, 2019

Chinese bitcoin mining giant Bitmain has confidentially filed for an initial public offering (IPO) in the United States, according to Tencent News on October 30. Tencent reported that the world’s largest crypto mining equipment manufacturer, underwritten by Deutsche Bank, has secret...

Bitmain Upheaval: Jihan Wu Regains Control of the Company by Ousting Cofounder Micree Zhan

Oct 29, 2019

The China-based crypto mining giant Bitmain is currently immersed in a highly charged atmosphere as Jihan Wu sent out an email to all staff announcing that cofounder and executive director Micree Ketuan Zhan has been ousted. The takeover of power - the comeback of "Bitmain's Jobs"? ...

Bitmain Jihan Wu: Bull Market may not Come after Bitcoin Halving, but Bitcoin Price will Keep Going up

Oct 11, 2019

Bitcoin halving may not lead to bull market, but I am positive about the long-term trend of Bitcoin’s price, Jihan Wu, co-founder and CEO of the bitcoin mining hardware maker Bitmain shared his opinion about bitcoin halving on World Digital Mining Summit held in Frankfurt, Germany....