: A major mining pool was also transferred to Wu’s control as part of his exit. Background of the Conflict
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 ...
: Zhan resumed control of Bitmain’s core manufacturing and China-based operations. : A major mining pool was also transferred
The purchase was financed through a from Bitmain’s cash reserves and $200 million in outside funding. Bitmain Co-Founder Exits, Resolving Years-Long ...
: Exited to lead the newly independent spinoffs:
