Jihan Wu

Bitmain Co-founders at Loggerheads Over Mass Layoff Plans

Ousted Bitmain co-founder, Micree Zhan, has come out to oppose Bitmain’s plan to layoff about 50% of its workforce. According to Zhan, the Bitcoin (BTC) mining giant’s plan to sack employees was a mistake, given that the company was in a healthy financial situation. Earlier in January 2020, reports emerged that the Bitmain was planning...
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Bitmain Begins Expansion into South America

Bitmain is looking to establish a significant presence as it partners with two Bitcoin mining consulting firms. Meanwhile, co-founder Jihan Wu continues to consolidate his hold on the company amid an ongoing power struggle. Bitmain Partners with Bitcoin Mining Consultants in South America In a press release published on Thursday (December 12, 2019), Bitmain announced...
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Wu Jihan Returns As Bitmain CEO After Co-Founder Gets Removed

Wu Jihan, the co-founder of Bitmain and tech billionaire, returned as Bitmain’s CEO at a recent client meeting. He made a public appearance during a private event last week in Chengdu, China so we are reading further in the crypto news what else has been changed. According to the reports, Wu Jihan appeared during the...
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Bitmain Changes Mining Sales Strategy After Co-Founder Wu Returns

Bitmain changes its mining sales strategy to stop the decline in market shares after the return of the co-founder of the company Jihan Wu. In our cryptocurrency news today, we find out more about the strategy. During a customer event hosted by Bitmain in Chengdu, China, Wu showed up on stage for the first time...
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Bitcoin Mining Operations Offer New Strategies Before Reward Reduction

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. Moreover, a few days later at Bitmain’s annual customer appreciation meeting,...
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Bitmain Co-Founders Prepare for Legal Battle Against Each Other

Bitmain is going through a power struggle between its main founding members. Jihan Wu told Bitmain’s staffers that Micree Zhan was being laid off. Zhan said he was ousted without consent and is prepared for a legal battle. Bitmain Co-Founder Micree Zhan was recently forced out of the firm without any consent or prior knowledge....
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Bitmain Co-Founder Micree Zhan: “I Was Removed Without Consent”

Micree Ketuan Zhan, who is the Bitmain co-founder and a former director at the major Chinese Bitcoin (BTC) mining giant Bitmain, recently claimed that he was removed as a legal representative of the company without his consent. The CEO of Blockstream was in the cryptocurrency news on November 7, after posting a statement from Zhan...
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Bitmain Power Struggle Heats Up as Co-Founder Wrestles For Control

Chinese mining giant Bitmain is in the midst of a power struggle. Co-founder Micree Zhan who was ousted last week has returned with a vengeance asserting that he will use a legal team to regain control of the company. Bitmain Battle Rages On Last week’s news that Jihan Wu had taken control of the world’s...
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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. Also read:...
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Bitmain Files Secret IPO Application with Deutsche Bank as Sponsor

Bitmain has reportedly filed with the SEC as it intends to go public in the U.S. At the moment, there aren’t specific details about the filing. Even though there’s currently no official word from the company, it has been reported that China’s Bitmain Technologies – one of the largest crypto mining manufactures in the world...
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Bitcoin Cash (BCH) Outperforms Big Brother on Bitmain Boost

Bitcoin has remained static for another day as the sideways trading continues. Altcoins are showing more promise at the moment however and Bitcoin Cash is leading the way. The Bitcoin fork could be benefiting from a recent reshuffle at mining giant Bitmain.Bitcoin Cash Cranking HigherToday’s top performing crypto asset is Bitcoin Cash. According to Tradingview.com...
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Canaan Officially Files for $400 Million IPO on Nasdaq

Canaan, which is a competitor to Bitmain, is reportedly seeking to list in the U.S. after its Hong Kong plans fell through. One of the biggest bitcoin miner manufacturers, the Avalon Bitcoin miner Canaan Creative, publicly filed for a U.S. Initial Public Offering (IPO) on Monday, with big names as underwriters. Credit Suisse, Galaxy Digital,...
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Bitmain Co-Founder and Major Shareholder Removed from the Company by CEO

It appears that Micree Zhan has been forced out of Bitmain by his CEO and co-founder Jihan Wu. In what sounds like the makings of the plot of a telenovela series, top crypto billionaire and founder of cryptocurrency mining giant Bitmain Micree  Ketuan Zhan has been forced out of his own company where he holds...
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Richest Crypto Billionaire Gets Forced Out of His Own Company in China

Bitmain co-founder Micree Zhan was reportedly ousted from the company on Tuesday. Zhan is the wealthiest cryptocurrency billionaire according to the Hurun rich list. Traders are now worried Zhan could dump 1.6 million bitcoin cash in retaliation. Bitmain co-founder and executive director Micree Ketuan Zhan has reportedly been forced out of the company in a...
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Bitmain’s Jihan Wu Talks Mining and Industry Growth With Bitcoin.com’s CEO

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 year. Also read: SEC Wants Second Look at Bitwise Bitcoin...
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4 New High-Powered Bitcoin Miners Revealed

Bitmain Technologies and Canaan Creative have announced new mining rigs that process roughly 58-73 terahash per second (TH/s). Sources also reveal that Canaan’s initial public offering (IPO) could be listed in the U.S. next month. Also Read: Mining Firm Canaan Creative Secures Hundreds of Millions of Dollars in Funding Bitmain and Canaan Introduce Bitcoin Miners...
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PR: Bitmain’s Announces Highly Anticipated World Digital Mining Summit

Cryptocurrency mining leaders to speak include: Jihan Wu (Bitmain Co-Founder), John Ge (Matrixport CEO), Marco Streng (Genesis Mining CEO), and more. HONG KONG, JULY, 30 2019 – The World Digital Mining Summit (WDMS) hosted by Bitmain – the world’s top 10 and China’s second largest fabless chipmaker – is set to return on 8-10 October...
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