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

: Exited to lead the newly independent spinoffs:

: Micree Zhan purchased nearly half of Bitmain’s shares from a group of founding shareholders (including Wu ) for $600 million .

: 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)

A new five-member board was established, with Zhan appointing three members and Wu appointing two. Strategic Business Split : Exited to lead the newly independent spinoffs:

: Wu officially resigned as Bitmain’s CEO and Chairman.

: Retained the hardware manufacturing business and the Antpool mining pool. The conflict between co-founders Jihan Wu and Micree

To settle the dispute and streamline the company for a future IPO, Bitmain's businesses were divided between the two founders: