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

: Retained the hardware manufacturing business and the Antpool mining pool.

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) Bitmain Co-Founder Exits, Resolving Years-Long ...

A new five-member board was established, with Zhan appointing three members and Wu appointing two. Strategic Business Split : Retained the hardware manufacturing business and the

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 ...