Ousted Bitmain co-founder Micree Zhan fights back
After Micree Zhan was forced out of the company he helped found, the entrepreneur is ready to fight back.
After Micree Zhan was forced out of the company he helped found, the entrepreneur is ready to fight back.
Cryptocurrency miner manufacturers are under pressure to develop higher-performing and efficient Bitcoin mining rigs before the halving in May 2020.
Blockchain regulation has continued to take center stage, as more countries recognize that blockchain is going to power the future.
The crypto mining equipment manufacturer has reportedly refiled its application for an initial public offering (IPO) in the United States, after hopes of an initial bid were dashed earlier this year.
Jihan Wu’s move to take more control over Bitmain broke early on October 29, as he has apparently supplanted Micree Zhan as the company’s legal representative.
Could Bitmain, the mining hardware manufacturer, be preparing for a devilish scheme to crush outdated mining operations?
TSMC is accused of using its rival’s technology to make billions of dollars’ worth of sales.
Bitmain lost $310 million in the first three months but hasn’t given up hope yet, though, and expects things to turn around sometime this quarter.
Antpool just lost $150,000 in Bitcoin Core (BTC) after a block it had been mined was rejected by the BTC blockchain.
Bitmain has finished distributing stock options to staff, who might need the incentive to stay on the ship.
Bitmain is rumored to be considering a new IPO, a move that can only mean they are desperate for money.
Bitmain is suing a trio of former employees who struck out on their own with a rival mining pool, and hopes that a court will side with it.