Section of power in Bitmain. Jihan Wu removed from the post of Director

According to one of the thematic Chinese news agencies Sanyan Blockchain, co-founder of mining company Bitmain Jihan Wu is no longer able to influence corporate decisions. Citing an unnamed source “financial news”, the reporters quote a lawyer of the company. He claims that as a result of redistribution of posts in the Executive Board of Wu demoted from Director to supervisor. Currently, Wu owns 20.25% of the shares of giant in the industry of Bitcoin mining. The incident occurred three months later after Bitmain is estimated at $ 18 billion in the IPO.

The supervisor does not have the right to vote, so it [Wu] competence has diminished. Now he can’t make corporate decisions.

Maybe the decision to downgrade has something to do with the judicial proceedings regarding the financial situation Bitmain. There are even suspicions that the company has long been able to declare bankruptcy. In addition, Сointelegraph reports of serious disagreements with the co-founder Wu Mikri Zhang.

Black stripe Bitmain?

The company has recently suffered at the hands of an unknown hacker who managed to steal the equivalent of $ 5.5 million with purses mining giant. Bitmain as a whole was in danger of losing market share mining-oborudovanie. For example, the Sia team conducted hardford, which is designed to overcome the monopoly Bitmain — now miners of this manufacturer can not produce Siacoin. Perhaps the example will be followed by other projects.

Source: Criptonoticias

We will remind, last week the company released a new version of the miners Antminer S15 and T15. Not so long ago, Bitmain urgently shipped 90 thousand miners Antminer S9 in the Xinjiang Uighur Autonomous region of China. Most likely, this is done to gain an advantage before the upcoming hardforum Bitcoin Cash. More data look at cryptodata.

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