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....

Chinese Crypto Giants Feature the Top Richest in China

Oct 10, 2019

Well-known Chinese crypto giants are prominent on the list of the top richest in China, according to Hurun China Rich List 2019 released on October 10. Bitmain’s founder Micree Zhan and Jihan Wu, Huobi’s Leon Li, and Binance’s founder Chaopeng Zhao all edged themselves into...

Bitmain’s Digital Mining Map to Connect Miners, Farm Owners

Sep 28, 2019

China's top chipmaker, Bitmain, has revealed its plan to offer the crypto world the first resource that will connect mining hardware owners with mining farms that have the available power resources to host them. The World Digital Mining Map (WDMM), which will be the first platform of sort...

Bitmain Officially Names Its New CEO and Proclaims to Restart Its IPO at Appropriate Time

Mar 26, 2019

Bitmain, the world’s leading cryptocurrency mining equipment manufacturer, has announced on Mar.26 that Wang Haichao will serve as the company’s new CEO, whilst admitting an imminent expiration of its IPO application. The Beijing-based mega-seller of crypto miners officially annou...

US Lawsuit Against Jihan, Ver, Others Not Going Away

Mar 21, 2019

Efforts to make a lawsuit against Jihan Wu, Roger Ver and others in a US jurisdiction case go away has been thwarted. The defendants - Jihan, Ver, Bitmain Group, Bitcoin.com, Jesse Powell, Kraken, Amaury Sechet, Shammah Chancellor and Jason Cox - filed a motion to dismiss an ac...

Bitmain Reportedly Monitor Its Employees at Work before the Massive Layoff

Jan 7, 2019

Beijing-based bitcoin mining giant Bitmain was reportedly monitoring its employees at work via a self-developed app before its much-publicized layoff. Several verified Bitmain employees revealed that ahead of the abrupt job cuts, the company had deployed an app called Appia among its employe...