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

The purchase was financed through a from Bitmain’s cash reserves and $200 million in outside funding.

: Wu officially resigned as Bitmain’s CEO and Chairman. Bitmain Co-Founder Exits, Resolving Years-Long ...

: Exited to lead the newly independent spinoffs: The purchase was financed through a from Bitmain’s

: Retained the hardware manufacturing business and the Antpool mining pool. : An international mining farm and cloud computing

: An international mining farm and cloud computing platform with operations in the U.S. and Norway.

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