: Micree Zhan purchased nearly half of Bitmain’s shares from a group of founding shareholders (including Wu ) for $600 million .
: Retained the hardware manufacturing business and the Antpool mining pool. Bitmain Co-Founder Exits, Resolving Years-Long ...
: Zhan resumed control of Bitmain’s core manufacturing and China-based operations. : Micree Zhan purchased nearly half of Bitmain’s
: Exited to lead the newly independent spinoffs: : Exited to lead the newly independent spinoffs:
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)
A new five-member board was established, with Zhan appointing three members and Wu appointing two. Strategic Business Split
: Wu officially resigned as Bitmain’s CEO and Chairman.