Bitmain Co-founder Exits, Resolving Years-long ... -

: Wu officially resigned as Bitmain’s CEO and Chairman.

: Retained the hardware manufacturing business and the Antpool mining pool. Bitmain Co-Founder Exits, Resolving Years-Long ...

The years-long power struggle at Bitmain, the world’s largest Bitcoin mining hardware manufacturer, was officially resolved in . The conflict between co-founders Jihan Wu and Micree Zhan , which involved multiple lawsuits and even physical confrontations at government offices, ended with a $600 million settlement and a formal corporate split. Key Settlement Details (January 2021) : Wu officially resigned as Bitmain’s CEO and Chairman

The purchase was financed through a from Bitmain’s cash reserves and $200 million in outside funding. Bitmain Co-Founder Exits, Resolving Years-Long ...

: Zhan resumed control of Bitmain’s core manufacturing and China-based operations.