Bitmain is Back to ‘Normal Operations’ Following Jihan Wu Settlement With Micree Zhan

2021-1-29 20:08

Bitmain releases a letter to customers affirming “business operations will resume as normal” following the change in a CEO role after Jihan Wu left his leadership role.

Over the past year, Bitmain, the world’s largest Bitcoin mining rigs producer, has struggled to complete its customers’ orders as conflicts within the top management delayed shipments. In focus, founders Micree Zhan and Jihan Wu were at the center of the feud as Wu once threatened to split its flagship mining Antminer rig’s manufacturing and supply chain processes.

However, Bitmain is finally looking to move on from the issues and “resume its normal business operations” following Wu's departure from the CEO role, a note from the team stated. The note reads,

“Antminer is here to inform you that product delivery and sales services will not be affected by Bitmain’s internal changes.”

“Our sales policy for customers remains unchanged, and all signed contracts will continue to perform in accordance with the terms and conditions.”

Read more>> Bitmain Power Struggle: Truce is Over & Fight for Control Resumes; Bitcoin Miners Could Suffer.

Bitmain announced a halt in the supply and manufacturing processes of the Antminer rigs in 2020, leaving customers, who expected rigs in June and July, to wait until September and October delivery.

On Tuesday, the long-standing battle between two of the richest men in crypto was finally settled after Jihan Wu bought $600 million shares in Bitmain and resigned from the company. Micree Zhan will regain control of the company, after being ousted in September, with Jihan Wu leading an offshoot of Bitmain, Bitdeer, as the chairman.

Read more>> Bitmain’s Ousted Co-Founder, Micree Zhan, Proposes Share Buyback at $4B Valuation.

Despite the inner company conflicts, Bitmain remains the largest Bitcoin mining rig manufacturer and saw an increase in demand across 2020. Riot Blockchain, a mining farm, stocked up on over 11,500 bitcoin mining rigs across the year from Bitmain, boosting its hashrate over 100% during the year with a target of 2.3EH/s set for June 2021.

The post Bitmain is Back to ‘Normal Operations’ Following Jihan Wu Settlement With Micree Zhan first appeared on BitcoinExchangeGuide.

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jihan micree → Результатов: 39


Bitmain’s Wu Regains Power Over Micree Zhan As Jihan Named Legal Representative

The struggle for Bitmain’s control has taken a different turn, with Jihan Wu regaining the position of executive director and legal representative of this Chinese Bitcoin mining rig manufacturer. According to the latest update on China’s business registration record, Macree Zhan will no longer serve in the above capacities but remains a general manager in […] The post Bitmain’s Wu Regains Power Over Micree Zhan As Jihan Named Legal Representative first appeared on BitcoinExchangeGuide.

2020-9-15 18:42


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Bitmain Delays Delivery of Bitcoin Miners as Co-Founders Battle for Company Control

Bitmain has delayed shipments of its Antminer bitcoin mining machines by three months, as the tussle between co-founders, Jihan Wu and Micree Zhan Ketuan, for control of the company intensifies. According to a post on Bitmain’s official Wechat account, the Beijing-based bitcoin miner maker said customers whose orders were due for delivery in June and […] The post Bitmain Delays Delivery of Bitcoin Miners as Co-Founders Battle for Company Control appeared first on Bitcoin News.

2020-8-8 03:00


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Bitmain Delays Delivery of Bitcoin Miners by Three Months, as Co-Founders Battle for Company Control

Bitmain has delayed shipments of its Antminer bitcoin mining machines by three months, as the tussle between co-founders, Jihan Wu and Micree Zhan Ketuan, for control of the company intensifies. According to a post on Bitmain’s official Wechat account, the Beijing-based bitcoin miner maker said customers whose orders were due for delivery in June and […] The post Bitmain Delays Delivery of Bitcoin Miners by Three Months, as Co-Founders Battle for Company Control appeared first on Bitcoin News.

2020-8-7 03:00


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Bitmain’s Power Tussle Reaches Fever Pitch As Micree Zhan Accuses Jihan Wu Of Illicit Actions

In the light of recent events, Bitmain’s ownership may soon be confronted with a dramatic upturn. On June 22, Micree Zhan, one of the co-founders of Bitmain, the largest bitcoin mining chip producers in China, issued a document against his founding co-partner Jihan Wu, accusing him of illicit actions which put a threat of him […]

2020-6-23 18:45


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


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


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


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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


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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


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“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