Bitmain Co-founders Resolve Long-Standing Disagreement on Company’s Future

Bitmain Co-founders Resolve Long-Standing Disagreement on Company’s Future
фото показано с : beincrypto.com

2021-1-27 10:30

The co-founders of the Bitcoin mining company Bitmain have reached a settlement following a year-long dispute regarding the company’s future.

In the settlement, the current CEO and Chairman of Bitmain, Jihan Wu, will step down from his position to make way for the other co-founder Micree Zhan.

Zhan agreed to purchase $600 million worth of Bitmain shares, which represents just over half of the total, as part of the transferal of power.

Bitmain will retain five seats on its board, three of which Zhan can choose, while the other two are to be appointed by Wu.

Additionally, a firm called Bitdeer will spin-off from Bitmain and will take control of the company’s operations in Norway and the United States.

The agreement marks the end of a multi-year dispute which saw both co-founders battle each other for power in the company. Some in the mining community argued that this power struggle caused the company to fall behind slightly in its competitiveness.

Here's the full message if you want to read it. The actual message is PGP-signed by both of them. pic.twitter.com/a13PAcfhWc

— Riccardo Spagni (@fluffypony) January 26, 2021 Bitmain’s Journey

Bitmain is the largest and arguably the most influential mining company in the cryptocurrency world. Established in 2013, the company launched to prominence with its infamous AntMiner mining hardware range.

The mining hardware is frequently featured among the most popular picks for miners of all sizes globally.

The company also hosts Antpool, the largest mining pool in the world, controlling over 7% of Bitcoin’s mining hashrate. The pool is also responsible for mining just under 8% of all Bitcoin blocks.

Indeed, as Bitcoin miners considered a number of proposals to upgrade the network over the years, many looked towards the mining giant to see what its miners were signaling.

What Next for the Top Miner?

With the settlement comes a fresh outlook for the influential mining company. Wu, says the agreement “turns over a new page with great opportunities ahead” for Bitmain.

He went on to say he enjoyed his time at the head of the company, wishing Bitmain well for the future as he takes the helm at Bitdeer.

There is no doubt that for Bitmain, this settlement marks the end of an era as one of its original founders departs.

Nevertheless, the Bitcoin mining industry continues to see rapid growth. As the industry’s largest player, Bitmain will likely continue leading the sector’s growth in the future.

The post Bitmain Co-founders Resolve Long-Standing Disagreement on Company’s Future appeared first on BeInCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

KuCoin Shares (KCS) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $9.9109
Капитализация $0 Rank 99999
Цена в час новости $ 1.1111 (-100%)

bitmain zhan purchase agreed micree co-founder million

Источник: beincrypto.com

bitmain zhan → Результатов: 74


Bitmain’s Wu Jihan, and Micree Zhan Continue Spat As A Mob Brawls With Co-Founder Over Corp License

Luyao Liu, Bitmain’s Chief Executive, and the former legal representative has been arrested for his part in a ‘mob-like attack' conducted on Micree Zhan, the exiled co-founder of Bitmain. Bitmain's Beijing subsidiary business license was apparently stolen, and the police held Liu responsible for what happened, together with others.

2020-5-9 21:41


Фото:

Экс-CEO Bitmain направил против родной компании очередной иск

Изгнанный сооснователь BItmain — Кетуан «Микри» Чжан (Micree Ketuan Zhan) — не оставляет попыток вернуть контроль над компанией. Как передает Coindesk, бывший генеральный директор направил в суд еще один иск — на этот раз в своей родной стране.

2020-3-10 11:07


Bitmain’s Fall From Grace Could Spell Trouble For Bitcoin Cash

Crypto mining manufacturer Bitmain is undergoing a difficult time of late, and considering reports that they hold 1 million Bitcoin Cash, should BCH investors be extra vigilant? Bitmain’s Fall From Grace Founded in 2013 by Jihan Wu and Micree Zhan, Bitmain quickly established itself as the dominant force in the crypto mining equipment industry. Up... The post appeared first on NewsBTC.

2020-1-9 19:30


Ousted Bitmain CEO Micree Zhan fires back at Jihan Wu, looks to retake the firm

One of the most important cryptocurrency companies is in the midst of a raging internal spat. And unfortunately, it’s only getting worse. Bitmain co-founder Micree Zhan, who was last week booted from the Bitcoin mining giant as a result of a shocking pot shot from fellow co-founder Jihan Wu, is looking to retake control of […] The post Ousted Bitmain CEO Micree Zhan fires back at Jihan Wu, looks to retake the firm appeared first on CryptoSlate.

2019-11-7 07:54


Фото:

Mining Giant Bitmain Confidentially Files for U.S.-Based IPO

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 of a facility in Texas with the capacity to house 300MW of hashpower.

2019-10-30 22:30


Bitcoin Cash (BCH) to Crash? The Battle of Bitmain Leaders Takes an Ugly Turn

According to the latest reports, the co-founder and chief executive director of the Bitcoin mining giant Bitmain, Micree Keutan Zhan has been removed from his position. Chairman of the board Jihan Wu, who is another Bitmain co-founder sent an email to the staff saying, “Bitmain’s co-founder, chairman, legal representative, and executive director Jihan Wu has […]

2019-10-29 16:45


Фото:

СМИ назвали нового генерального директора Bitmain

Новым генеральным директором китайского майнингового гиганта Bitmain станет Ван Хайчао (Wang Haichao), занимающий должность директора по разработке продукта. С декабря он уже исполняет обязанности главы компании, сменив Джихана Ву (Jihan Wu) и Микри Джана (Micree Zhan), официальное назначения еще ожидается, сообщает South China Morning Post со ссылкой на собственные источники. Они также отметили, что оба бывших генеральных […]

2019-1-10 14:44


Фото:

Китайские медиа: Джихан Ву и Микри Джан покидают руководство Bitmain

По сообщениям китайских СМИ, оба генеральных директора Bitmain — Джихан Ву (Jihan Wu) и Микри Джан (Micree Zhan) — покидают свой пост в компании. Практика сдвоенного руководства признана в Bitmain неудачной, и новым главой компании станет человек по фамилии Ван (Wang), который несколько месяцев работает в компании. “Этот вопрос еще не решен, и в настоящее […]

2018-12-30 14:29


Фото:

“Bitmain Is Restructuring,” But Jihan Wu Still a Board Director: Source

Bitmain has denied reports that its CEO Jihan Wu was ousted as the mining firm’s board director while confirming that the board has undergone restructuring. Setting the record straight, Nishant Sharma, international marketing manager of Bitmain Technologies Limited, told Bitcoin Magazine that, instead of losing his position, Wu will continue on as a co-director of the board amidst a wider reorganization.

2018-11-15 21:26


дальше еще 25 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Ousted Bitmain Co-Founder Halts Antminer Shipments

Reports are emerging from the People’s Republic of China that Bitcoin mining giant, Bitmain, is delaying shipments of the firm’s popular Antminer rigs. The news was revealed by the head of marketing at Hashkeyhub, Molly [@molllliy], on her Twitter account, citing a translation from Weibo, China’s leading microblogging portal.