: An international mining farm and cloud computing platform with operations in the U.S. and Norway.
: Retained the hardware manufacturing business and the Antpool mining pool.
The purchase was financed through a from Bitmain’s cash reserves and $200 million in outside funding. Bitmain Co-Founder Exits, Resolving Years-Long ...
: Zhan resumed control of Bitmain’s core manufacturing and China-based operations.
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) : An international mining farm and cloud computing
A new five-member board was established, with Zhan appointing three members and Wu appointing two. Strategic Business Split
: A major mining pool was also transferred to Wu’s control as part of his exit. Background of the Conflict The purchase was financed through a from Bitmain’s
: Micree Zhan purchased nearly half of Bitmain’s shares from a group of founding shareholders (including Wu ) for $600 million .
