Mysterious castle: Cihan Mikri Wu and Zhang are leaving leadership positions in Bitmain

News 8Btc reports that on 28 December, two of the CEO of Bitmain Jihan Wu and Mikri Zhang resigned from the company. Their place will be a man named van, who joined the manufacturer the day before. According to the insider, this issue is still in limbo, and concrete solutions are still there.

Resource Odaily claims that Zhang was criticized for the lack of skills in management even with 2015. So he decided to make a responsible step in order to improve the situation Bitmain. Director of marketing Jiang Zhihua told reporters that the company is not yet ready to comment on the situation.

We will remind, in September, the mining giant has applied to conduct an IPO. According to the document, Zhang and Wu act as CEOs Bitmain. These appointments take a very long time and own a significant stake in the company. If this rumor about a rather short-sighted management policies of both CEOS. Many former employees Bitmain doubt the format of the leadership of the two General Directors, as this structure usually leads to dismal outcomes.

In April, the insiders had disclosed the information that Zhang and Wu divided their stock, and it supposedly could be considered as the end of the era of dual control within the mining giant. The rumors have not been confirmed, but the official statements on this account also followed.

Source: eCrypto

In the end, November 7, Bitmain made a big reshuffle in the Board. Then from the Board of Directors of the company have been eliminated 4 people, including the Cihan Wu. It was demoted from the position of Executive Director of the Council to supervisor. In addition, the recently emerged information about the company’s plans to cut more than half of the staff. However, Bitmain officially denies this, and argues for a shuffling of staff is common practice to adjust business processes. More data look at cryptodata.

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