Jihan Wu

Bitmain Co-Founder Exits, Resolving Years-Long Power Struggle as Mining Firm Preps IPO

Bitmain co-founder Jihan Wu is stepping down from his role as part of a settlement.

Business  ·  26 January 2021

Jihan Wu Regains Upper Hand in Bitmain Co-Founder Fight

A new twist in the power struggle at Bitmain: Co-founder Jihan Wu has regained the legal representative status of the bitcoin mining giant.

Business  ·  15 September 2020
Bitcoin Mining

Bitmain Co-Founder Offers Share Buyback at $4B Valuation to End Power Struggle

The offer seems an apparent effort to bring about negotiations that could end the divisions that have been tearing the company apart.

News  ·  22 June 2020
Bitmain

Bitmain’s Feuding Co-Founders Are Fracturing the Firm and Staff Are Caught in the Middle

Staff at bitcoin miner manufacturer Bitmain are being forced to choose between its two co-founders as a long-running feud over control of the firm worsens.

Business  ·  4 June 2020
China

Internal Struggle at Bitcoin Mining Giant Bitmain Escalates to Physical Confrontation

After Micree Ketuan Zhan, the exiled co-founder of Bitmain, moved to reinstate his position after another partial legal victory over his former employer, tensions reportedly escalated into a physical brawl.

News  ·  8 May 2020
Funding Rounds

Bitmain Spin-Off Matrixport Seeks $300M Valuation in Latest Funding Round

Matrixport began pitching investors a few weeks ago with the aim of raising $40 million.

Business  ·  4 March 2020
China

How Was It Possible for Bitmain to Oust Its Largest Shareholder Overnight?

Corporate documents reveal new details about the ouster of Bitmain co-founder Ketuan "Micree" Zhan.

Business  ·  20 January 2020
Bitcoin

Ride ‘Em, Cowboy: Bitmain’s Marketing Gambit Ups Its Texas-Sized Position on Bitcoin

Bitmain's new strategy of giving put options on bitcoin to buyers of its miners amounts to a "Texas hedge" – doubling down on risk, not offsetting it.

Markets  ·  12 December 2019
Bitcoin Mining

Next Bitcoin Halving Could Squeeze out Retail Miners, But Jury’s Split on Price

Bitcoin halvings normally result in price increases. Maybe not this time.

Markets  ·  15 October 2019
Lending

Ex-Bitmain Bitcoin Cash Staffers Form Startup to Lend and Trade Crypto

A startup formed by former Bitmain employees will offer crypto custody, OTC trading and lending.

Business  ·  7 March 2019
Mining

Bitmain Poised to Appoint Tech Chief as New CEO, Says Report

Cryptocurrency mining giant Bitmain may be about to appoint its product engineering director as CEO.

Business  ·  10 January 2019
IPOs

Bitmain Denies Reports CEO Jihan Wu Ousted from Bitcoin Miner’s Board

Mining giant Bitmain says CEO Jihan Wu still serves on its board, despite media reports to the contrary.

Policy & regulation  ·  15 November 2018
Monero

Crypto Kill Switch: Monero Goes to War Against Miners

Big miners are eying monero as a next money-maker. The only problem? Developers are taking steps to keep them out entirely.

Tech  ·  26 March 2018
News

Jihan Wu to Talk Central Bank Crypto at DC Summit

The Chamber of Digital Commerce's D.C. Blockchain Summit will also host notable speakers from the public and private sectors.

Markets  ·  6 March 2018
Mining

Most Influential in Blockchain 2017 #10: Jihan Wu

Master of the ASICBoost, conjurer of Antbleed... Perhaps no character in the pantheon of industry leaders has been the subject of more conspiracy theories than Mr. Wu, a passionate bitcoin believer who's been reviled for his views. The young co-founder of Chinese mining giant Bitmain, he might not exactly be the villain we all believe. But, what might be for certain is that if there's a title for "most misunderstood," Wu would win hands down.

Markets  ·  31 December 2017