Jihan Wu has reportedly regained some control over the dysfunctional block reward mining hardware manufacturing company he helped found.
Bitmain's decision to use 5nm chips in its new mining rigs met with some backlash from block reward miners and industry skepticism.
A Beijing court has denied Bitmain the $30 million in damages they were seeking from three Poolin co-founders for violating a non-compete agreement.
Industry titans Bitmain and Ebang were among those listed that felt the new policy initiative's sting, according to recent reports.
The Antminer Sales Team confirmed all shipments are delayed by three months over “external interference over the company’s management.”
Micree Zhan is accusing rival Jihan Wu of illegally transferring 10,000 Antminers out of a farm owned by Zhan into his own farm.
In a July 17 letter, Jihan Wu sought to explain his side of the conflict that is negatively affecting both employees and customers of Bitmain.
U.S.-listed ASIC hardware manufacturer Canaan Creative reportedly removed four executives from its listing.
A new bank account and website were announced via Bitmain’s WeChat, which many individuals believe Zhan is currently controlling.
Core Scientific will buy 17,595 units of Bitmain's S19 Antminer machines, to be delivered over the next four months.
U.K.-based Argo Blockchain it announced the purchase of 750 older generation Bitmain Z11 mining units costing roughly $474,000.