Bitmain Co-founder Exits, Resolving Years-long ... Instant

: Exited to lead the newly independent spinoffs:

: An international mining farm and cloud computing platform with operations in the U.S. and Norway. Bitmain Co-Founder Exits, Resolving Years-Long ...

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) : Exited to lead the newly independent spinoffs:

To settle the dispute and streamline the company for a future IPO, Bitmain's businesses were divided between the two founders: The conflict between co-founders Jihan Wu and Micree

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