Bitmain has published fresh statements confirming Micree Zhan’s removal from the board by shareholder’s vote in October.
Bitmain CFO Luyao Liu and several others were accused of using physical force to take a government-granted license from ousted co-founder Micree Zhan.
Having recently lost a court decision to Micree Zhan, Bitmain is claiming he is hurting the company’s interests at the worst possible time.
Bitmain's Director of Sales, Fan Xiao Jun, has said that T17 and S17 production capacities are presently producing at a "very limited capacity.".
New documents help explain how Micree Zhan was ousted by Jihan Wu, and Wu has plenty to be worried about even without his rival in control.
Zhan believes Bitmain could stay healthy the way he left it, and Jihan Wu is no longer chief legal representative of the company.
Wang, currently the product engineering director at Bitmain, is “poised” to succeed the crypto mining hardware company’s CEOs, Jihan Wu and Micree Zhan, according to reports.