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

: A major mining pool was also transferred to Wu’s control as part of his exit. Background of the Conflict

To settle the dispute and streamline the company for a future IPO, Bitmain's businesses were divided between the two founders: Bitmain Co-Founder Exits, Resolving Years-Long ...

: Wu officially resigned as Bitmain’s CEO and Chairman. : A major mining pool was also transferred

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